RE: capital losses ... gladtstone4, Aces etc."Hey Aces, You are Correct in your CCRA interpretation. Sound's like somewone what's to encourage other's to sell, wonder why!!"
I'm not here to hood wink anyone. I posted what I believed to be true.
I know that an individual can claim a "Allowable business investment loss" (ABIL) against their shares in small business corporations that have gone bankrupt, ceased operations or become insolvent. I have never heard of this being applied to shares in a publically traded company.
Can you or anyone provide tha interpretation bulletin Number that discusses what you are saying?? I can't seem to find it.
Thank you in advance
Tibber