Enter the sale price, what you paid, your other income, and your province. Get the federal and provincial tax owed on the gain, your effective rate, and what actually lands in your account after the CRA takes its cut.
Salary, business income, etc. — used to find your marginal tax bracket.
Tax on the gain
$3,706
14.83% effective
Net proceeds
$46,294
Pre-tax sale price
$50,000
Canada doesn’t have a separate capital gains tax. When you sell something for more than you paid, you have a capital gain; half of that gain (the “inclusion rate”) gets added to your taxable income for the year and taxed at your normal marginal rate. Federal and provincial brackets both apply, so the rate you actually pay depends on (a) what you already earn and (b) which province you live in on December 31.
The Liberal government’s 2024 federal budget proposed raising the inclusion rate from 50% to 66.67% (two-thirds) on the portion of an individual’s annual gains above $250,000. The change was repeatedly deferred and as of 2026 remains not in force — the standard 50% inclusion rate still applies to every dollar of gain. This calculator reflects current law. If the higher rate is ever enacted, gains above $250k will see roughly a third more tax.
The principal residence exemption (your main home is normally exempt from capital gains tax), the lifetime capital gains exemption on qualified small business shares and farm/fishing property, capital losses carried forward or back, RRSPs/TFSAs/FHSAs (gains inside registered accounts are not capital gains at all), foreign-currency adjustments on US-listed securities, and deemed dispositions on death or emigration. Treat this as the back-of-envelope figure for a typical sale — investment property, US-listed stocks held in a non-registered account, or a taxable portion of a business sale.
Cost base is what you paid plus any commissions, legal fees, or capital improvements you added over time. For investments it usually means your total dollar cost averaged over every purchase. For real estate it’s the purchase price plus closing costs, legal fees, land transfer tax, and improvements (renovations, additions — not maintenance). The CRA’s term for this running number is your Adjusted Cost Base (ACB).