Canadian Securities Course (CSC) Practice Exam · Question
Which type of investment income is generally taxed as capital gains in Canada?
Capital gains arise when an investment, such as a stock, is sold for a price higher than its adjusted cost base. Only 50% of capital gains are taxable in Canada
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Question: Which type of investment income is generally taxed as capital gains in Canada?
Answer options: ✅ Profit from selling a stock for more than its purchase price
- Interest earned from a corporate bond
- Dividends received from Canadian corporations
- Income from a mutual fund distribution that includes interest
Correct answer: Profit from selling a stock for more than its purchase price
Explanation: Capital gains arise when an investment, such as a stock, is sold for a price higher than its adjusted cost base. Only 50% of capital gains are taxable in Canada.
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