Today I received my letter from my AiSH Generalist for my annual report on assets and earnings.
Upon reviewing my tax return, I noticed the tax program said my"Exempt Capital Gains Available" was "$500,000".
I have no idea if this is a normal number that all Canadians see, or if it just somehow magically applied to me. I have no idea how it is calculated or where it comes from.
Despite losing over $10,000 in royalties to pirating --- I am unaware of any great sum of money that could or should belong to me.
I need reports and balances to be properly printed ---- so who knows what to trust anymore.
I have no idea. Do all Canadians get 500k of exemption on their capital gains? Or is this another hint of some big number? No idea.