Investing

Is seniors over 65 exempt from capital gain in stock investment?

  • Last Updated:
  • Dec 10th, 2016 9:25 pm
Penalty Box
Oct 13, 2016
144 posts
11 upvotes

Is seniors over 65 exempt from capital gain in stock investment?

If I am over 65, if I invest in stock, am I exempt from the 50% capital gain?
3 replies
Deal Addict
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Oct 14, 2015
2116 posts
2515 upvotes
^^^
NO!
but nice try:)
Pi$$ing away millions.
Deal Addict
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Aug 7, 2010
1127 posts
479 upvotes
No way, but you get reduced fares on public transportation.
Deal Addict
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Jun 11, 2008
3376 posts
153 upvotes
Toronto
If you don't work, your overall income will be lower and you may pay less taxes. But otherwise the treatment is the same at any age.

You may also get some additional credits, but taxable income is still calculated on your gross input.

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