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  5. XIT: hi, if I sold stocks for a loss that are in XIT, and then buy XIT as a proxy and hold for a month, then buy the stocks I sold (that are in XIT) back after waiting a month, do I get the capital loss? [iShares S&P/TSX Capped Information Technology Index ETF]
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Q: hi, if I sold stocks for a loss that are in XIT, and then buy XIT as a proxy and hold for a month, then buy the stocks I sold (that are in XIT) back after waiting a month, do I get the capital loss? (ie even though I owned the equities in the XIT)?? thanks, chris

Asked by chris on May 25, 2022
5i Research Answer:

We never like to second-guess the CRA but 'probably' is the answer. A diversified ETF can be considered different than individual stock positions. A very picky and bored CRA official might notice, but we highly doubt it.  

Authors of this answer, directors, partners and/or officers of 5i Research and/or affiliated companies have a financial or other interest in XIT.