Q: Greetings 5i, as Telus drops further, a tax loss strategy could be to BUY now and then SELL part of the position after 30 days assuming the price will go up in the interim. Comments? This assumes that one will need some tax losses in 2026 and would like long term exposure to this company. Thank you.
5i Research Answer:
This can work, and can lower ACB and shift the loss to the next year, if that is beneficial to holders. But keep in mind tax losses can be carried forward, so the loss shift could still occur even if one sells this year without buying more.