Costco - Holiday 2020 Flyer - 12/01-12/31/2020 (Page 16)

according to the website make a donation of securities tax does not apply financial connection vew this end-of-year strategy can help to minimize capital gain taxes tax-loss selling capital gains wef eef by lana sanichar ecember is the time of year seasonal festivities are front tax-loss selling here's what you need to know courtesy of lana sanichar lana sanichar is president and editor- in-chief of canadian moneysaver magazine the basics according to the website investo- an investor sells an asset with a capital loss to lower or eliminate the capital gain tor to avoid paying capital gains tax on recently sold or appreciated assets.” it's often used as a strategy to reduce your tax bill-as far back as three years and as an opportunity to rid yourself of qualifying investments that are unlikely or on december 31 what to watch out for capital losses in the event of a superficial investment during the period starting 30 calendar days before the sale and ending selling applies only to investments outside have dropped in value to an rrsp or you will have to report the gain everyone wants to reduce their taxes and maximize their hard-earned professional if you're unsure of the rules and strategies surrounding this money- managing technique through an exclusive moneysaver's experts partner with the costco connection to share advice about relevant financial topics email topic suggestions to moneyinfo@canadian moneysaver.ca costco members are offered a one-year special introductory price with online canadianmoneysaver.ca and click on "subscribe," for the discount code at the bottom of the page opportunity cost ryan modesto of 5i research 10% within the 30-day window the savings from the sale will likely pale in comparison to the getting back into what is higher price can be difficult psychologically.-ls