GREY:XEBEQ - Post by User
Post by
tamaracktopon Dec 22, 2021 4:50pm
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Post# 34256143
Consider this, if you will
Consider this, if you willDecember 29th is the last day for tax-loss selling in Canada.
I've always maintained that there is little tax-loss selling in November, and that it comes in late December.
This is a fact.
Add to this the fact that if shorts who are in a profitable position to cover their positions delay doing so for a few more days, they defer their capital gains tax liability until April 2023,.. then what do you get?
You get the end of tax-loss selling, coincident with short-covering, coincident with the Santa Claus rally.
Have a serene evening.