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capital losses

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Sale of personal use property and taxes

Do You Have to Pay Taxes on Your Personal Use Property

Personal use propertyBy Sam SeidmanAugust 28, 2014Leave a comment

When you own personal items you consider them as your personal property and don’t even think there could be any tax implications regarding them if you were to sell or dispose of them.  This is one area of tax that a lot of people get confused about. In many cases the property may be cars…

Capital Gains on Sale of property

Do You Have a Basic Understanding of Capital Gains?

Canada Tax, Capital gainsBy Sam SeidmanJune 25, 2014Leave a comment

You may be thinking that with all the bills that you have to pay and the everyday expenses you face, and the fact that you are an average income earner, that you will never have to be concerned about capital gains. A lot of people that normally do their own income taxes don’t even give…

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