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Tax Loss Selling 2019

Elaine Crook - Nov 06, 2019
As we head towards December, investors should begin thinking about the year ahead and planning for potential tax losses –

As we head towards December, investors should begin thinking about the year ahead and planning for potential tax losses –selling their losing positions to offset capital gains. Based on Canadian tax law, capital losses can offset capital gains in any fiscal year. Losses must first be applied against capital gains
in the current year; if any excess losses remain, they can be applied against capital gains made in the prior three years or be used to offset capital gains in future years.

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