Glossary term
Capital gain
A capital gain is generally the increase realized when disposition proceeds exceed adjusted cost base and selling costs.
Plain meaning
What capital gain means
A capital gain is about a disposition. The calculation commonly compares proceeds of disposition with adjusted cost base and eligible selling costs. If the result is negative, the situation may involve a capital loss instead.
Calculator context
Taxable capital gain
Only a portion of a capital gain may be included in taxable income. That portion is the taxable capital gain. OpenBook calculators use stated inclusion-rate assumptions and should disclose the data source or assumption used.