cra-arc.gc.ca

Mom made $25,000 profit in the stock market in addition to $34,000 from work. She is being charged $17,000 in taxes. They adjusted her taxable income from $34,000 to $84,000! I checked the CRA website about capital gains tax and found [this](http://www.cra-arc.gc.ca/E/pub/tg/t4037/t4037-e.html#P317_34283) My mom sent a bunch of e-mails, called them to let them know there was a mistake. She refuses to pay it until it's resolved, and now we received a letter with interest added and a threat of legal action. It was originally a loan taken on the house amounting to $135,000. The loan and the profit was reinvested, but its value dropped by 30% during that time. The money is basically locked until the markets improve, but we're willing to take capital losses if it will negate the taxes.