The "Stock Sale" tool allows calculating the tax consequences of selling company shares, such as a capital gain or loss. Optitax's "Stock Sale" tool offers several advantages, such as:
- Comprehensive calculation of the tax consequences based on whether or not section 84.1 of the Income Tax Act applies to the transaction.
- Calculation of the tax attributes of the shares sold and received as consideration, if applicable.
- The tool also determines the deemed dividend amount when the conditions of section 84.1 of the Income Tax Act are met.