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Tax system can help ease losses
This autumn`s stock market crash has produced little but bad news for most advisors and their clients. But as the end of the calendar year approaches, there may be an opportunity to salvage something through tax-loss selling.
In normal years, tax-loss selling (or "harvesting") is a fairly subdued affair, consisting of offsetting profit-taking in non-registered accounts with equal amounts of tax-loss selling, the objective being tax neutrality after all transactions.
http://www.nationalpost.com/opinion/story....c0-2d572c2543f1
This autumn`s stock market crash has produced little but bad news for most advisors and their clients. But as the end of the calendar year approaches, there may be an opportunity to salvage something through tax-loss selling.
In normal years, tax-loss selling (or "harvesting") is a fairly subdued affair, consisting of offsetting profit-taking in non-registered accounts with equal amounts of tax-loss selling, the objective being tax neutrality after all transactions.
http://www.nationalpost.com/opinion/story....c0-2d572c2543f1