Roland Stampley: Unrealized gains should be included in the financial statement but they are not included on the tax return, except as a reconciling item on Schedule M-1. This means that they aren't taxable.
Jose Bouliouris: The other answerer provided the US response, which is conceptually the same in Canada as well. You are only taxed on realized gains, and this is true for corporations as well as individuals.
Connie Dickirson: thanks but this question is specific about Canada/CRA and not US/IRS
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