Search results

What about an example? $60k capital gain $20,000 income wages $40,000 business income. $10,000 business expenses Income = apply 50% discount to CG + the rest = $30k + $20k + $40k = $90k Deduct business expense now = your income becomes $80k or Delay expenses...

Misunderstanding. A capital loss can offset a CG. But a CG goes on top of other income (after capital losses applied) so reducing the other income can mean tax savings.

Well, that would depend on next year's anticipated income, taxs and whether these items are capital in nature.

CG goes on top of your other income. So does business income if you are a sole trader.