GREY:LSTMF - Post by User
Comment by
highrider1on Dec 23, 2014 3:57pm
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Post# 23261142
RE:RE:RE:Only one more day for tax loss selling
RE:RE:RE:Only one more day for tax loss selling
Actually that is only in Canada. In the U.S. it is different as seen below.
Almost out of time for tax loss selling
Wednesday is your last chance to harvest capital losses on Canadian stocks to offset gains elsewhere
(Adam Gault/Getty Images)
If you want to trigger tax losses for 2014, the deadline is rapidly approaching. Because you need three business days to settle trades, waiting until next week will be too late.
Wednesday, Dec. 24 is the last day of 2014 Canadians can harvest tax losses on Canadian stocks that will offset capital gains elsewhere. Obviously, Dec. 25 is a holiday. Friday, Dec. 26 is the last day for tax-loss selling of U.S. stock for Canadian investors. Only Americans have until Dec. 31 to sell Canadian and U.S. stocks for tax-loss selling.