Concordia Healthcare Corp. T.CXR.R

30 Day Rules.

[1health]

i need your help regarding rules. I sold my all OLD stock on december 23.
Today i complete my 30 day, for tax loses. SATTLEMENT DATE COUNT or the date of sale.
To day, can i buy the stocks.

[fdfd12]

That is the most useless rule there is. There is no 30 day rule. If you guy a stock at 10 and sell it for 9, you have a capital loss of $1. This you can declare. If you buy the same stock for 9 the DAY AFTER, then, since it is not after 30 days, your purchase price becomes 9+10=19. Rmember the $1 loss is forgotten for now. You can't claim it. Then this same stock you sell it for 12. So what

[JustforFun7]

Canada works off settlement date (both the buy and the sell).  Remember the rule is just to prevent artifical losses for tax purposes.  You can always buy back sooner than 30 days but just not claim the loss (just roll it into your ACB for later). JFF7

[Stockcoach1]

Revenue Canada web site indicates "30 Calendar Days" after the sale. No mention of settlement date. Anyway I wouldn't worry about it too much about as the sale will be reported in 2015 tax year, and the next sale will be reported in 2016 tax year or later. They would need to do a full audit on those years to be able to determine compliance.....very unlikely......and in the view of RC