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Strategies & Market Trends : Ride the Tiger with CD -- Ignore unavailable to you. Want to Upgrade?

To: Canuck Dave who wrote (63382)	10/17/2006 10:34:08 AM
From: LoneClone	Read Replies (1) \| Respond to of 313021

I posted the same question a few months ago and the consensus was 30 days minimum to claim the capital loss. LC

To: Canuck Dave who wrote (63382)	10/17/2006 10:42:39 AM
From: stan_hughes	Read Replies (1) \| Respond to of 313021

If you like the trade, do it -- don't let CCRA get in your way. Just don't claim the first loss, i.e. pool your original purchase along with the Sep 18th sale as part of your current cost base and just carry on

To: Canuck Dave who wrote (63382)	10/17/2006 10:51:38 AM
From: Bat Man	Respond to of 313021

A superficial loss occurs when securities sold at a loss are repurchased within 30 calendar days before or after the sale and still held at the end of 30 days after the sale. Word for word from the securities course, page 11-18 you have to be careful about your spouse's account also.