Post by
himmler on Feb 29, 2016 12:13am
Tax loss
I will reiterate my warning if you are investing in risky stocks inside any registered savings vehicle in Canada,such as RRSP's or TFSA's.
If your risky stock goes bankrupt..you will lose ALL your money in that company ,and you CANNOT claim that loss at tax time.Same goes with tax loss selling.It does NOT apply in these registered accounts.
Its amazing how many dont know that.
Comment by
ryecatcher on Feb 29, 2016 12:26am
Yeah but your gains are tax sheltered in TFSA so that's the deal. For me my TFSA is where I swing for the fences.....as an aside whybis your handle Himmler?