Hi Mick,

You are right, tax is paid on 50% of the actual gain, which is the total gain less costs.

The percentage of tax paid on half the actual gain is 25%.

So you could say that CGT in Canada is 12.5%, becuase 25% on 50% of the gain, is equal to 12.5% on 100% of the gain.

Liam Bailey
Head of international research
David Stanley Redfern Ltd