RE:Myth of tax loss Season
I read your story while sitting in front of the fire drinking my coffee. There probably is some late year selling for tax reasons, but I agree a pretty weak phenomenon. Consider that a popular play thing like BBD.B probably trades the entire float 2 or 3 times in a year, bit of extra selling now is not going to matter much. Some years I have engaged in tax gain selling. I am retired, so need sufficient investment income to consume the basic personal exemption etc. I used to aim for paying 2 or 3 thousand in tax every year, but eventually realized I was shooting myself in the foot, as tax rates in Canada have nowhere to go but up in the long term. Now I aim for 7 to 10 thousand a year.