Makes total sense. I really need to read up more on this. I knew I'd pay tax but didn't realize it's more in the first year. I'm in Canada so I'll have to research this more.
Makes total sense. I really need to read up more on this. I knew I'd pay tax but didn't realize it's more in the first year. I'm in Canada so I'll have to research this more.
Ah might be different for you here if an investment is over 1 year and 1 day it is considered a long term investment and taxable at 10% while if its a short term investment under that its taxable at your current income rate for that year. (of course as always speak to a tax professional first) Always gotta cover my butt lol
Definitely. Thanks