BCE Inc BCE

Hilarious

[autofocus111]

Is BNS not familiar with wash trades? Sheesh

>>>(Bloomberg) -- As the tax-loss selling season approaches, Bank of Nova Scotia is recommending switch trades in a year where broad-based gains necessitate more targeted action....The bank is recommending tactical switch trades: selling a year-to-date loser to buy a stock with exposure in the same sector to capture potential upside. In some cases, these are short-term ideas, and the recommendation is to switch back into underperforming names early in 2025.

[flush777]

You are mistaken. The superficial loss rules apply here, or can re-enter after 30 days and the transaction is not technically say a wash. See tax legislation. All ok and regulators would follow the tax rules and what BNS has recommended is what accountants and lawyers would suggest to an investor. PLEASE DO YOUR OWN DUE DILIGENCE.

[flush777]

  Globe says National's Straus offers tax-loss strategies   2024-11-26 04:39 ET - In the News See In the News (C-NA) National Bank of Canada The Globe and Mail reports in its Tuesday edition that investors need to be mindful of the Canada Revenue Agency's superficial loss rule that prohibits repurchasing a security, such as a stock or fund, within 30 days following a

[autofocus111]

Okay so I was wrong. I thought the wash rule applied to 'substantially equivalent' investments. So it's okay to sell BCE and buy RCI or whatever telco inside the 30 day period and still claim a loss. I hold most of my blue chips in registered accounts so it changes nothing for me, but y'all have fun at it.