Heres how adviceforinvestors.com will help you master your capital gains tax form
The key to minimizing the tax you pay on
capital gains is to know where you stand before you make a transaction.
adviceforinvestors.com, Canadas wealth-building tool without
equal, puts all the information you need right at your fingertips. The
sites Tax Information section is designed to continuously
perform your tax calculations for you, keeping an accurate, up-to-date
record that will make completing your Schedule 3 capital gains form a
Of course, you must also pay taxes
on dividends, Dividend Re-Investment Plans, income and U.S. investments.
adviceforinvestors.com calculates all of these for you as well.
Long before April 30, you have all of these crucial figures, saving you
time and anxiety.
calculates your investments in the three capital gains reporting periods,
leaving you with one figure to enter on your tax form. Plus you also get
a complete breakdown of your taxable income and expenses. In short, it
gives you all the important figures you need to do your taxes quickly
Just follow these four simple steps
to get started:
First, log in at the adviceforinvestors.com
home page. The site will take you to its Stocks section. Click
on the Portfolio label on the uppermost toolbar.
Next, select the portfolio you
require tax information on from the list on the left side of the screen.
Click on it, and up comes the desired portfolio, complete with a pie
chart indicating how your stocks have fared that day. With adviceforinvestors.com,
you may have as many as five portfolios. The Web site tracks all of
them for you.
At the bottom of the page you will
find a detailed list of the stocks in your portfolio along with updated
performance statistics. Click on the drop-down menu above the list and
select Tax Information. Then click View.
Third, at the top of the screen,
you will see a table outlining your capital gains for the year. Both
the total capital gain/loss and the final taxable amount are displayed
as well as any future inclusion rate of blended capital gains, if necessary
(such as in 2000 when there were three separate capital gains periods).
Plus, your other taxable assets, such as income, dividends, DRIPs and
U.S. investments are also fully calculated for the entire year.
Provided that you have entered
all of your transaction information correctly, this will be a perfectly
accurate "snapshot" of your capital gains tax situation. Theres
To see the capital gains status
on all your stocks, simply scroll down to the bottom of the screen.
There you will find a detailed picture of your portfolio, including
the capital gains/losses you would experience if you were to sell a
Lastly, on the right side of the
screen is the convenient Tax Calculator, which tells you what
your capital gains/losses would be if you were to sell any quantity
of a particular stock. Enter the symbol and the number of shares to
be sold and click Submit. Instantly, the calculator returns your
capital gain/loss estimate. With adviceforinvestors.com, you
always know your tax situation before you sell.
If youre not already a subscriber,
you can try adviceforinvestors.com right away for less than $1
a week! Simply CLICK HERE to find
out about a no-risk 5-week trial subscription for only $4.37. When you
subscribe online, you'll have instant access to the wealth-building tools