TSX:HOT.DB.V - Post by User
Comment by
nedstar71on Sep 13, 2023 11:46am
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Post# 35633915
RE:RE:RE:RE:RE:Has Tax loss selling season started early?
RE:RE:RE:RE:RE:Has Tax loss selling season started early?nedstar71 wrote: Konaboy wrote: Ah yup
While I'm sure you won't run into any issues the Superficial loss rule would still apply when rebuying in the TFSA so technically your loss in the non registered account would now be denied.
Some people tend to think the CRA doesn't get an account of what goes on in the TFSA. All the transactions are reported, just not taxed. They would see the sale outside the account and the coinciding buy inside the TFSA, which does trigger the superficial loss. The unfortunate part is that loss is now gone for good, it's not just averaged in to shares if you rebought in the same account prior to the 30 days lapsing.