Situations that may need review
- Sales of shares, funds or other investments
- Rental or secondary-property dispositions
- Cryptocurrency or other digital-asset transactions
- Capital losses from current or prior years
- Changes in how a property was used
Do not rely on the sale price alone
The original cost and supporting transaction records can materially affect the calculation. Bring purchase statements, sale documents and records of relevant costs or improvements.
Common questions
Does every sale create a taxable capital gain?
No. The tax treatment depends on the asset, how it was used and the details of the transaction. Have the facts reviewed before assuming the outcome.
What if I cannot find the original cost?
Tell Sangita what records are available. Additional statements or documents may be needed before the gain can be calculated.
Can a capital loss matter in another year?
It may. Bring prior notices of assessment and details of earlier capital losses so the available information can be reviewed.