DiscoverTaxBreaksEpisode 026 – Year End Tax Loss Selling
Episode 026 – Year End Tax Loss Selling

Episode 026 – Year End Tax Loss Selling

Update: 2022-12-02
Share

Description

In this episode of TaxBreaks, Kenneth Keung and Kim GC Moody discuss year-end tax loss selling that is very common towards the end of the calendar year. The objective of tax loss selling is to try to claim losses on non-registered investments against realized capital gains so as to reduce capital gains taxation upon filing of the relevant individual tax returns for the applicable year. But what should you consider? Kenneth and Kim discuss the “30 day rule” known as the superficial loss rule, how to calculate adjusted cost bases, losses that are denied when a “personal-use property” loss is triggered and planning that might be available when transferring property to non-affiliated individuals. Happy listening!

Comments 
In Channel
Episode 035 – Impact of August 4th Proposed Amendment to the Alternative Minimum Tax Regime (AMT)

Episode 035 – Impact of August 4th Proposed Amendment to the Alternative Minimum Tax Regime (AMT)

2023-08-2232:23

Episode 034 – Canada Revenue Agency Audits of COVID-era Supports

Episode 034 – Canada Revenue Agency Audits of COVID-era Supports

2023-08-1509:46

Episode 033 – Tax Considerations For Foreigners Buying Canadian Real Estate

Episode 033 – Tax Considerations For Foreigners Buying Canadian Real Estate

2023-08-0228:42

Episode 032– The Canadian Frustrations When Claiming Foreign Tax Credits

Episode 032– The Canadian Frustrations When Claiming Foreign Tax Credits

2023-07-2425:08

Episode 031 – Canadians Moving to the US: Tax & Non-Tax Considerations

Episode 031 – Canadians Moving to the US: Tax & Non-Tax Considerations

2023-07-1732:43

Episode 030 – A Summary of Recent Tax Policy Changes With Canadian Residential Real Estate

Episode 030 – A Summary of Recent Tax Policy Changes With Canadian Residential Real Estate

2023-06-1930:23

Episode 029 – The Supreme Court of Canada’s decision of Deans Knight: Decoding the Tax Implications

Episode 029 – The Supreme Court of Canada’s decision of Deans Knight: Decoding the Tax Implications

2023-06-0933:37

Episode 028 – 2023 Federal Budget Predictions

Episode 028 – 2023 Federal Budget Predictions

2023-03-1324:23

Episode 027 – Basic Principles in Remuneration Planning For Private Business Owners

Episode 027 – Basic Principles in Remuneration Planning For Private Business Owners

2023-01-1330:27

Episode 026 – Year End Tax Loss Selling

Episode 026 – Year End Tax Loss Selling

2022-12-0217:11

Episode 025 – Residential Property Flipping Proposal

Episode 025 – Residential Property Flipping Proposal

2022-10-1222:04

Episode 024 – The New Canadian Trust Reporting Rules

Episode 024 – The New Canadian Trust Reporting Rules

2022-08-1233:24

Episode 023 – Personal Use Assets Owned by a Corporation

Episode 023 – Personal Use Assets Owned by a Corporation

2022-07-2520:58

Episode 022 – Are Pleasurable Marketing Activities a Taxable Benefit

Episode 022 – Are Pleasurable Marketing Activities a Taxable Benefit

2022-07-1415:00

Episode 021 – The Saga of Bill C-208 Continues

Episode 021 – The Saga of Bill C-208 Continues

2021-07-2024:45

Episode 020 – Bill C-208 and Inter-generational Transfers

Episode 020 – Bill C-208 and Inter-generational Transfers

2021-07-0534:23

Episode 019 – You Mean Preferred Shares Have to Be Treated as a Liability on my Company’s Balance Sheet?

Episode 019 – You Mean Preferred Shares Have to Be Treated as a Liability on my Company’s Balance Sheet?

2021-06-0814:00

Episode 018 – Prescribed Rate Loans

Episode 018 – Prescribed Rate Loans

2020-12-2218:37

Episode 017 – Canada Emergency Rent Subsidy (CERS)

Episode 017 – Canada Emergency Rent Subsidy (CERS)

2020-11-2528:23

Episode 016 – 2020 Year-End Tax Tips For Private Business Owners

Episode 016 – 2020 Year-End Tax Tips For Private Business Owners

2020-11-0318:47

loading
Google Play
Download from Google Play
Castbox
Download from App Store
usUnited States
00:00
00:00
x

0.5x

0.8x

1.0x

1.25x

1.5x

2.0x

3.0x

Sleep Timer

Off

End of Episode

5 Minutes

10 Minutes

15 Minutes

30 Minutes

45 Minutes

60 Minutes

120 Minutes

Episode 026 – Year End Tax Loss Selling

Episode 026 – Year End Tax Loss Selling

Moodys Tax Law LLP