EXPM:HRTFF - Post by User
Comment by
byloselhiron Dec 08, 2021 10:37am
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Post# 34210350
RE:Re: Tax loss
RE:Re: Tax loss
If a stock goes bankrupt you can ask revenue Canada for, i believe it is called "deemed disposition" you get the tax loss but hold on to the shares, your ABC becomes zero so if the company comes back to life you still have the shares but everything made is a cap. gain, you must write a letter and include it with your tax return making the reques, ti found it by searching "worthless shares and debt"