The day has finally come to consolidate the investments that I can. In 2012 I started investing in a Vanguard fund, just by putting in the minimum amount ($5000) and then not adding anything after that because I decided to go back to school. Now the fund has around $7500 in it, and I want to withdraw this and transfer it to my investments in Canada (where I live now). I have procrastinated doing this but now I have the paperwork filled out and ready to go.
Am I right in calculating that the capital gain from selling this fund will be 50% of $2500 (or whatever the exact difference ends up being), so I will have $1250 added to my taxable income? My Canadian income also has to be reported in Australia, so I will be over the tax-free threshold, but I should still be under the $37K tax bracket. I think this means for the first time in my life I will owe taxes for this financial year. So I should make sure I keep enough in my Australian bank account to cover that. Is there anything else I should consider before I mail my withdrawal form?