Capital gains tax calculator
Enter the gain on shares, funds, crypto or a property that is not your principal residence, plus your other income, to see the extra tax you owe.
| Capital gain | $20,000.00 |
| Taxable part (50%) | $10,000.00 |
| Extra federal tax | $2,050.00 |
| Extra Ontario tax | $1,065.00 |
| Tax on the gain | $3,115.00 |
| Gain after tax | $16,885.00 |
How capital gains are taxed in 2026
- Work out the gain: what you sold for, minus your adjusted cost base and selling costs.
- Only 50% of it, the taxable capital gain, is added to your income for the year.
- That amount is taxed at your normal federal and provincial rates, so the tax depends on your other income.
The inclusion rate stays at 50%. The planned increase to two-thirds was cancelled in 2025 and never took effect, so gains realized in 2026 are treated like those in earlier years.
Tax on a $20,000 gain in Ontario
| Other income | Taxable part | Tax on the gain | Effective rate |
|---|---|---|---|
| $0 | $10,000 | $0 | 0% |
| $50,000 | $10,000 | $2,202 | 11% |
| $80,000 | $10,000 | $2,965 | 14.8% |
| $120,000 | $10,000 | $4,341 | 21.7% |
| $200,000 | $10,000 | $4,976 | 24.9% |
Gains that are not taxed
The sale of your principal residence is normally tax-free if it was your home for every year you owned it; you still report it on Schedule 3. Gains inside an RRSP, TFSA or FHSA are not taxed when they happen. Shares of a qualified small business corporation and qualified farm or fishing property can use the lifetime capital gains exemption.
Capital losses can offset capital gains in the same year, be carried back three years, or carried forward indefinitely. Losses on personal-use property, like a car, cannot be claimed.
Common questions
How much tax do I pay on a $20,000 capital gain in Ontario?
With $70,000 of other income, $3,115. Only $10,000 is taxable, at your marginal rate.
Is the capital gains inclusion rate two-thirds in 2026?
No. It is 50% for individuals. The proposed two-thirds rate was cancelled and was never law.
Do I pay capital gains tax when I sell my house?
Not if it was your principal residence for every year you owned it. You report the sale and designate it on your return, but no tax is due.
Are crypto gains taxed as capital gains?
Usually, if you hold crypto as an investment. If you trade often enough to be carrying on a business, the CRA can treat the full profit as business income instead.
Sources
- CRA: Calculating and reporting capital gains and losses
- CRA: What is new (capital gains inclusion rate increase cancelled)
- CRA: Tax rates and income brackets for 2026
Checked September 28, 2026. OneCalcs is independent and not affiliated with the Canada Revenue Agency, Revenu Québec or any provincial government.