
Money • Taxes
Lost Money on an Investment? Canada’s Tax-Loss Harvesting Strategy Could Reduce Your Capital Gains Tax
Tax-loss harvesting can help Canadian investors use realized capital losses to offset capital gains in non-registered accounts. This guide explains how losses may be carried back or forward, why the superficial-loss rule creates a 61-day window, how a spouse’s purchases can matter and why TFSA and RRSP losses generally cannot be used this way.
