How to Use Tax-Loss Selling to Minimize Taxes Watch Video
Allan Madan, CPA, CA
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The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.
ABOUT THE AUTHOR
ALLAN MADAN
CPA, CA
Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.
Hi,
would you recommend tax-loss selling within a registered account such as an RRSP as well?
Thank you,
Hi Aurelien,
No, I do not recommend this because income earned inside a RRSP is not subject to taxation. Tax loss selling makes sense when you have realized gains from the sale of non registered investments.
I have a question for you. I went through a divorce 17 years ago. But my assets were never split up. My ex-wife is asking for capital losses that I had 17 years ago. Is she entitled to any of my capital losses. And if she is what percentage is she entitled to.I had approximately $38,000 in capital losses in 2001. What do, I do thank you Joseph
Hi Joseph, if she did not own the property (which resulted in capital losses), and did not report her share of the capital losses at the time they were incurred, then she is not entitled to them.