If you inveset in stocks do you get taxes refund

[J_u_n_i_o_r_3]

If you invest in stocks do you get taxes refund

[Firebot]

If you invest in stocks do you get taxes refund

No.

If you suffer a capital loss in stocks for the year (you need to have actually sold), you won't get a refund, but you can use your loss of one year against a capital gain the next year to eliminate the tax owed on that capital gain.

[J_u_n_i_o_r_3]

also since im under 18 what taxes rebates can I get?

[15-20_God]

also since im under 18 what taxes rebates can I get?

none.

[smilodon]

Well, not entirely true...

If your stock investments are within a self-directed RRSP account, the original amount you invest (book value) up to your RRSP limit are tax deductible and the capital gains are tax sheltered. Unfortunately, capital losses are correspondingly non-tax deductible until retirement...

Outside an RRSP account, a good thing is that your capital gains are not considered taxable income at 100%. If I'm not mistaken, they are only considered taxable at 50%. For example, if you buy stocks at $1000 and sell at $1500, you have made $500 capital gain. Outside an RRSP account, your annual income will not be boosted by $500 for income tax purposes, but only by $250. This is rather simplistic, but that's the essence of it. Find out from a financial advisor

[gman]

If you invest in stocks do you get taxes refund

Tax refund of what?

Interest expense? The money you lose? Labour sponsor fund?
It all depends on how it is invested.

[pitz]

Technically, if you live in certain provinces, earn a relatively low income, and invest in Canadian dividend paying stocks, you can achieve a situation where the incremental tax rate on dividends is negative.

For instance, if the incremental tax rate is -5%, for every $1000 in dividends received, the government will also toss in an extra $50.

I admit, this is a relatively rare scenario, but with the newly enhanced dividend tax credit, it is reality under certain circumstances.

[FrugalTrader]

If you invest in stocks do you get taxes refund

There are a few ways:

1. Put your money into an RRSP then invest in stocks.
2. Get a LOC to invest or invest on margin.
3. If you are in a lower tax bracket, if you invest in dividends, you'll end up getting a refund with the enhanced dividend tax credit (depending on what province you live in).

[Sylvestre]

uh, can you even have a brokerage account or any type of trading account if you are under 18?
assuming you can't (which I suspect), I doubt you will be able to claim anything anyway. I would assume whoever is your adult co-signer would be the one eligible for any gain/loss claims.