GREY:LSTMF - Post by User
Comment by
yu20on Oct 16, 2015 2:00pm
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Post# 24199005
RE:RE:RE:RE:Noot looking good for LTS and the energy sector
RE:RE:RE:RE:Noot looking good for LTS and the energy sectorYou have to be careful here. If you sell a stock and repurchase it within 30 days (before or after the sale date), the Canada Revenue Agency considers it a “superficial loss” and you won’t be able to use it to offset capital gains.
Tax-loss selling is a strategy that investors employ to reduce their tax bill. If you own shares that have dropped in value since you bought them, you can sell the shares and use the capital loss to offset any capital gains you may have.