Out for the next 30 days? Can I sell and then repurchase the same stock?
You 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. Furthermore, you can’t get around the rule by repurchasing the same stock in a different account such as an RRSP or tax-free savings account (TFSA), or by having your spouse – or a corporation controlled by you or your spouse – repurchase it. The idea is that you can’t claim a tax loss if you, or someone affiliated with you, maintains control of the shares. The simplest solution is to wait 30 days before repurchasing the same stock.