RE:A lot of people who sold in last couple weeks30 day rule won't allow that. Would be nice though
The 30-day rule in the stock market -- commonly referred to as the "wash sale" rule" -- affects the taxable gains and losses on stocks you sell. The purpose of the rule is to prevent you from selling stock for a tax loss and buying it right back because you still like the stock. An understanding of the aspects of the wash sale rule will prevent you from unintentionally running afoul of the rule and increasing your income tax bill.
LordMoney wrote: to claim a loss on taxes, will be buying back in, on Jan 1st. Without a ton of sellers, it could move up at least 10 cents in first couple days of 2017
https://www.theglobeandmail.com/globe-investor/investor-education/tax-loss-selling-if-youre-dumping-your-dogs-read-this-first/article21834856/
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.