RE:RE:RE:wowfrewil11 wrote: Its because as time goes on this micro cap market [ penny stocks ] just keeps getting more and more detioriated with less and less investors money coming in.
Yep but December might stay that way unless a deep pocket decide to get in following that fantastic news that show this company (EHT) is now a " GO "
You may read also the following: Use tax-loss selling to offset your taxable capital gains in Canada.
Tax-loss selling (or tax-loss harvesting) occurs when you deliberately sell a security at a loss in order to offset capital gains in Canada. You can then use these losses to offset your taxable capital gains.
In Canada, the last day in 2018 for tax-loss selling on the Toronto Stock Exchange is December 27, 2018.
If you sell at a loss on or before that date, you could deduct your loss against your 2018 capital gains.
However, you can also carry your loss back for the previous three years to offset capital gains in Canada, or carry it forward indefinitely, to offset past or future capital gains.
What to be aware of regarding capital gains tax in Canada
If you are considering making use of tax-loss selling to minimize capital gains in Canada, you should also be aware of the “superficial loss rule.”
This rule states that if an investor, their spouse or a company they control, buys back a stock or mutual fund within 30 days of selling it, then they are not permitted to claim the capital loss for tax purposes.
Failing to obey the 30-day rule will result in the capital loss being disallowed.
https://www.tsinetwork.ca/daily-advice/how-to-invest/capital-gains-in-canada-what-is-tax-loss-selling-2/
What Is the January Effect?
The January effect is a perceived seasonal increase in stock prices during the month of January.
Analysts generally attribute this rally to an increase in buying, which follows the drop in price that typically happens in December when investors, engaging in tax-loss harvesting to offset realized capital gains, prompt a sell-off. Another possible explanation is that investors use year-end cash bonuses to purchase investments the following month.
https://www.investopedia.com/terms/j/januaryeffect.asp