Traxion Sab De Cv Ord Shs GRPOF

A thought

[jackthebear1]

Imagine you bought tetra at 1.50 and you believe 2019 is the breakout year ,would it not make sense to sell it now wait 30 days buy it back and secure the tax loss before it heads north. That is what I think is happening and by mid Dec it should all be done.

[Buster146]

That’s not what is happening.  It’s being manipulated.   FYI there is a large group that are in the TFSA no losses can be claimed. Just wondering why you post negative thoughts?  Do you realize there are some big news releases coming up before year end!  We are not a one trick pony like rec weed get that straight 

[1mattman]

To answer the original question, yes, you’d sell at a loss and take a deduction on your tax return if it offsets your gains.  What Buster is saying, it’d be risky to do because expectations of big movements are coming.  If you can sell on the last day and buy back the next trading day without any material loss, then go for it, it’s called tax planning but beware of the volatile market

[TaxMan55]

Canadian tax act requires that the shares sold at a loss cannot be reacquired for a least 30 days. Otherwise, stop loss rules kick in and loss is denied and added to ACB of shares. Just saying....

[jackthebear1]

Agreed and if nothing of merit is to be announced until 2019 or late Dec at the earliest then the the idea of it holds up if you bought in at a much higher level then what we are seeing today. The next 30 days I would say this doesnt do much from these levels plus minus 10cents. Real gain will be in 2019.

[1mattman]

You’re correct.  My response was more of an example but you definitely are correct.  The “what if” factors hey?