GREY:ALARF - Post by User
Post by
Pinotblancon Oct 20, 2016 1:01pm
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Post# 25366427
Tax loss selling
Tax loss sellingQuoting Pierre;
The Toronto stock market has been very strong this year and many investors have accumulated substantial capital gains which will attract taxation.
One technique used by many is "tax loss' where a capital loss offsets some of the capital gains.
The "tax loss" season usually runs from mid-November to mid-December. Many depressed stocks get even lower as we often find more sellers than buyers on depressed stocks. Most experts recommend to realize your tax loss before everyone else does a few weeks later at lower prices.
Here is an interesting article bt CIBC/Wood Gundy on tax losses as they apply in Canada:
https://www.woodgundy.cibc.com/wg/reference-library/topics/tax-planning/loss-selling.html
With a bit of research you will find many other sources of information on tax losses.