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Tuesday, August 3, 2021

New Video: The Basics of Capital Gains and Losses

Our YouTube channel is growing again! This time we have added a video about "The Basics of Capital Gains and Losses". We are not accountants, so we don't go into the level of detail that the bean-counters do. This video will give you a good idea about how capital gains and losses might impact an estate. Check it out here:



3 comments:

  1. Excellent. I have been unable to resolve and settle a simple Estate for 15 years. You can be sure there are Capital Gains ie. Property. TBC.

    Webeye

    ReplyDelete
    Replies
    1. Webeye, it sounds like the accounting nightmare is going to be almost as bad as the legal one. What a mess!

      Lynne

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  2. One benefit is that house prices have increased considerably in the last few years. Occupancy rent will also be a benefit as it generally tracks rising house prices. Accounting nightmare? There are so many parts to consider after 15 years. I don't want to be on the hook for something not properly accounted for. I have notified CRA of my difficulty in the resolution and settlement of a simple Estate. TBC

    ReplyDelete

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