GREY:IMVIF - Post by User
Comment by
RockLobster1on Aug 22, 2024 10:50am
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Post# 36191751
RE:Tax deduction
RE:Tax deductionBreakthorough1 wrote: Hi,
Does anyone knows if there is already a date to count the loss for tax deduction?
Hi - in Canada you have to dispose of it.. ie sell or gift to your broker. It's the day you do that.
Or use section 51(1) if I have that right where you claim the loss. That resets the ACB to 0, in case a company is later worth something to then claim the gain from 0.
I have bought BIOV...