When capital gains (or losses) are incurred from the sale of a security within a non-registered account, there are certain tax implications that arise.
Only 50% of realized capital gains are taxed at your applicable marginal tax rate.
If a capital loss is realized, 50% of the loss can be used to reduce taxable capital gains. Capital losses can only be claimed against capital gains (i.e. it cannot be used to reduce any other forms of taxable income). If the capital loss cannot be used in the year that it is incurred, then it can be carried back up to 3 years previous or carried forward indefinitely.
For information on marginal tax rates, you can seek out tables relevant to your residency and income like the one found here.
If you are looking for advice or help in completing your taxes, we recommend seeking out a tax professional as Wealthsimple does not currently offer services in this area.