Also you can claw some of that back next tax return by dumping the profit into an RRSP to the maximum accumulated contribution room.

Then on that next tax refund, use THAT to use for next years RRSP. Also don’t forget one can get a lot of tax free income from Canadian dividends every year. The amount of folk out there that don’t know how to use the rules in their favour is staggering. (Not a dig against the OP, just a general Joe Public obversation)