Tag · Canada
capital loss
Loopholes Tagged "capital loss"
Plain-English guides to Canadian legal rights and workarounds related to capital loss.
Medium If You Pay Taxes
Allowable Business Investment Loss — Deduct Failed Small Business Investments Against Any Income
If you lose money on a loan or share investment in a qualifying small business corporation, 50% of that loss is deductible against any income — not just capital gains.
Medium If You Pay Taxes
Superficial Loss Rule — Avoid the 30-Day Repurchase Trap When Harvesting Tax Losses
Canada's superficial loss rule disallows capital losses if you (or an affiliated person) repurchases the same or identical property within 30 days before or after the sale — knowing the rule lets you harvest losses without triggering it.