3 tips to pay 0% capital gain tax on stocks with $100K portfolio in Canada

What if you are able to reduce capital gain taxes completely for your first $100K portfolio in Canada?

But what if you are able to avoid capital gain tax legally?

In this video, I will share 3 tips to help you reduce or even eliminate capital gain taxes when you are living in Canada.

For myself, I am implementing all 3 tips for my personal life and I save over an estimated capital gain taxes of $30,000 per year.

If I maintain my portfolio szie (and assume I don’t grow for the next 10 years), then I will be saving $300K in capital gains.

For the easy tip, it is super easy to implement that you should be able to do this in one week or less.

For the medium difficulty tip, it is relatively easy to implement if you are married and / or have kids

For the difficult tip, I expect 90% of us wouldn’t be able to implement it. But if you are flexible and you manage a portfolio of more than $300K (maybe closer to half a million or more), then maybe it is worth it.

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[theMJside]

I have been looking for an in depth channel on taxes in Canada. This is by far the best in depth info I have heard so far. Most channels are about taxes in th US.

[andreivyrypaev]

Not being a tax resident in Canada also has negative sides. AFAK higher taxes on the business and personal taxes. Also you are loosing a child payment or payments if you have multiple children. If you have a business or income in Canada (except for investing) it is not good then to be a non-resident. Besides, can you be a non-resident and live in Canada? Potentially yes if prove that center of your interest is not in Canada but in HK. Are you residing in Canada Eric? BTW, are you still practicing accounting? I am looking for a smart accountant like you for my small business.

[statstrader]

I do day trade for living, and tax wise it's a pain to pay it once a year. You can also write off trading related expenses like the platform fees or borrow fees so it definitely helps !

[chriskennedy]

Awesome Eric. Subscribed! One question: If I withdrawal my capital gains from a crypto investment portfolio, how do I avoid capital gains tax on top of my nominal income tax rate? If I use the gains to buy a rental property or some other asset, will I still have to pay the capital gains tax on that amount? Example: I purchase bitcoin for $1000. It turns in to $50000. I withdrawal $40000 to buy a rental property. Will that $40, 000 still be added to my income for the year plus having to pay the capital gains tax from the $40k as well? Or will I be exempt for using the gains to purchase another asset?

[kellyi]

Eric thanks for the information. Learned a few new things I will reevaluate my TFSA. If I'm a HK 3* but Cdn could consider that.

[dragonslayer]

Hi Eric my capital gain in total is 200k and I know 50% is taxable but I have tfsa room of 65k so in rough I pay tax for the remaining of 35k cap gain am I right? Thanks

[umerjamal]

Thanks for the helpful video! Hoping to get the book!

[BreakingLoop]

Hi boss, just came across your channel,
So I’m in Canada, usually buy US stocks, so if I am taking out capital gains from a stock and reinvesting in it when it dips to buy more of the stock, how is it taxed ?
Just regular way? Thankyou

[calencei]

can u teach us how to trade options in canada? also what platform do u use to trade options?

[EricSetoInvesting]

Technically - these are marginal tax rates. This means if you make little to no money, then you pay even less capital gain tax. I will explain this in a separate video about investment taxes.

[TheAblackb]

Constructive criticism - 6 min in, and haven't heard the first tip

[dannycravalho]

Hi Eric! Thanks for your very informative video. My question is if I invest $50, 000 in tfsa from the sale of my property, will I not be paying for my capital gains tax? I have a profit of $100, 000 from the sale of my rental property.

[davezarei]

HI Eric, quick question about non-resident and capital gain. if you're resident in Malaysia (working) and also holding a canadian passport. does it matter which market (Canada, US...) you're investing in? (in relation to tax on capital gain) let's say in this example, can i invest on Canada stock market? if yes, did you mean that i wouldn't pay capital gain tax (CRA) if i was a resident of Malaysia?

[gameradoz]

If I have some stocks I have held and sold in less than a year I will be charged 100% capital gains, if I sell a stock Ive held for over a year I only get charged 50% on that capital gain? Am I correct on the concept of different capital gains taxs for your different investments sold in the same calendar year or will you only be charged at 100% if you do swings trades and longterm trades in the same year?

[TheChristianPledger]

Question for tip 1.

Are you saying all capital gains earned in a tfsa is non taxable if it remains under $80000?

[annonymous]

Is there any way in Canada to invest in crypto through a registered savings account? Self managed RRSP?

[desmondpaul]

Thanks for the information Eric even though I knew about tfsa because you explain that better I will definitely take action

[fnfbikram]

Very nice info sir. I like your channel

[feroozsekandar]

I like that book, and thank you for the information it was very useful!

[Ryan-ipli]

I have the total TFSA limit as $75, 500, not $80k