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Strategies & Market Trends : Ride the Tiger with CD

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To: stuffbug who wrote (208760)12/30/2011 3:05:11 PM
From: Veteran981 Recommendation  Read Replies (1) of 313036
 
You are correct today is the last day for US tax loss selling...

Remember your tax loss selling deadlines

business.financialpost.com

We may be getting closer to holiday parties and eggnog, but don’t let your finances go by the wayside. Mark these important dates in your calendar:

  • December 24, 2010 is the last day for tax-loss selling for Canadian taxpayers selling Canadian equities. Note, the TSX will also be closing early that day, at 1PM EST.
  • December 28, 2010 is the last day for tax-loss selling of U.S. equities for Canadian taxpayers.
  • December 31, 2010 is the last day for tax-loss selling for U.S. taxpayers for Canadian and U.S. securities.
Remember, always check with a qualified tax professional before considering any tax loss selling strategies.

Kim Inglis is an Investment Advisor, CIM with Canaccord Wealth Management, a division of Canaccord Genuity Corp., Member – Canadian Investor Protection Fund. These views are solely those of the author. Kim can be reached at www.kiminglis.ca.
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