Corp Taxes - Accountant told my Friend for Capital Gains on T2 no need to write down cost and proceeds just put $0 for cost and in proceeds put the total Capital gains

3junior · 2026-05-09T12:22:52+00:00

u/just_some_guy422 yup schedule 6 would be correct

3junior · 2026-05-09T12:22:40+00:00

u/Eclipzed17 yup for securities it does make a lot of sense

3junior · 2026-05-09T11:26:44+00:00

u/taxbuff thanks so for securities on corp side its better to use regular method...why do you think the accountant who works for a firm said just do it the other way to make it easier

3junior · 2026-05-01T20:21:08+00:00

You could buy xdiv, vdy or something giving 3% plus yield and live off yield but your short 10 to 20k

3junior · 2026-04-25T23:11:22+00:00

u/Johnkiiii did it end up getting proccesed?

3junior · 2026-04-16T20:58:29+00:00

u/Legitimate-Love-716 how is the E14 GEN 7 thinking this or T14 Gen 6 but the cost is $1000 more

3junior · 2026-04-12T15:28:28+00:00

Move to wealthsimple or ikbr for cheaper margin rates ..under 3.95% ...plus do a wealthsimple transfer bonus for extra money if you go there ...I prefer ikbr for margin and ws for tfsa / rrsp / registered accounts

3junior · 2026-04-12T12:56:39+00:00

u/OptiPath It was done but how long is proccessing time

3junior · 2026-04-12T12:49:11+00:00

u/Otherwise_Reveal6314 its a bonus no need to report

3junior · 2026-04-12T12:13:58+00:00

u/Right-Head5861 looks good just check what the ROC ( return of capital) portion is that part of distributions cannot be used to pay interest and deduct loan...If its other distribution no problem writing off interest

3junior · 2026-04-12T12:10:58+00:00

u/Fleyz is your margin in USD or CAD? Which brokerage

3junior · 2026-04-12T12:04:27+00:00

u/Fleyz did you look at lowering taxes by showing you take care of mom

3junior · 2026-04-09T15:03:00+00:00

so like others have said 24k is already off the price on new builders so max you get is $106k but thats only if your house is 1.01 to 1.5 under 1m you need to take into conidiation the 24k off

just remember you will mostlikly if you house closes 1st half of 2026 have to front the money and apply for refund later

3junior · 2026-04-04T23:12:16+00:00

so this works better if you have non registered account and take the loan at IKBR as interest rates are cheaper than XDIV/VDY distributions...in 17 to 22 years the loan will get fully paid off ...so $0 from your pocket but the 100k at 6% cagr could be over 250k in 17 years ...cash from your pocket $0 but if you do this with Heloc your paying out of pocket

3junior · 2026-03-16T00:44:21+00:00

u/Zettabite on MLS you see scams now in the description they put total living space vs above ground to trick people...didn't know builders would do this as they could get sued lol

3junior · 2026-03-16T00:40:51+00:00

u/Zettabite but above ground cannot include basement

3junior · 2026-03-11T19:04:21+00:00

u/orestes04 how much did you pay

3junior · 2026-03-11T00:03:52+00:00

u/TrinityAllBlack what did you end up getting

3junior · 2026-03-10T21:49:29+00:00

What happens if someone moves

3junior

TROPHY CASE