Tax Implications of Investment Income in Canada

Investment income can be a significant part of building wealth in Canada, but it comes with tax implications that every investor should be aware of. Different types of investment income, such as dividend, interest, and capital gains, are taxed differently, each with its own tax benefits and responsibilities. Consult with a tax accountant Calgary to learn how your investment income will be taxed. This will help you plan better and make the most of tax sheltered accounts.

Interest income is earned on investments like savings accounts, GICs, bonds and other fixed income securities. In Canada, interest income is fully ...