Tax Loss Harvesting Canada
Tax loss harvesting is a helpful strategy to reduce your tax bill. However, it can be tricky to understand and navigate. Especially if this is your first time utilizing tax loss harvesting in Canada. Although, if you have capital gains for the current tax year, you won’t want to miss out. It’s not too late to reduce your upcoming tax bill either — you have until December 31 to execute your tax loss harvesting strategy. In this blog post, we’ll break down tax loss harvesting for Canadians, so you can make the most of this valuable tax strategy. We’ll cover what it is, how it works, and some additional tips and tricks. Read on to learn more. What is tax loss harvesting in Canada? A capital loss can only be used to offset a capital gain, according to Canadian tax laws. You may have incurred a capital gain by selling investments, such as stocks, bonds, real property and virtually any
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