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A capital gain is a profit that results from investments into a capital asset, such as stocks, bonds or real estate, which exceeds the purchase price. Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price.

Capital gains must be paid in the taxation year of that gian..Capital losses can be carried over for future use against capital gains..These gains and losses only occur when a deemed disposition has occured..(Bought or sold)...A transfer of shares to other accounts are deemed dispositions also and must be claimed or accounted for..