RE:RE:RE:Reminder: Today is the last day for tax selling for 2021 I believe Canada is usinbg Settlement date, and takes 2 days, so the december 290 is the last day.
US is using trade date, so last trading day is Decvember 31.
tiger
Important dates to save in 2021
Tax-loss selling comes with many potential benefits, but it nevertheless has some strings attached. The key thing for investors to remember is that it has deadlines.
For Canada, the last day for tax-loss selling in 2021 is December 29. Stocks purchased or sold after this date will be settled in 2022, so any capital gains or losses will apply to the 2022 tax year. The system differs in the US, and based on information from the IRS, the last day for tax-loss selling this year is December 31.LithiumFuture wrote: I believe ihe trade musts be settled by Dec 31, so that's why the transaction must occur today. Am I wrong?