Q: Long term owner of WSP, with a full position. Started buying WSP in 2014 @ $37. Long term believer that WSP will rebound from it's current price of around $220 and resume it's "up and to the right" trajectory.
Going to trim some (again) from my Cash account for a capital gain. At the same time, I plan to buy some in my TFSA. My understanding is there are no CRA issues with this plan, as it is a capital gain and NOT a capital loss situation.
Please confirm....thanks....Steve
Going to trim some (again) from my Cash account for a capital gain. At the same time, I plan to buy some in my TFSA. My understanding is there are no CRA issues with this plan, as it is a capital gain and NOT a capital loss situation.
Please confirm....thanks....Steve
5i Research Answer:
Yes, if a gain is being triggered, repurchasing is moot because the gains will be taxed regardless. Our only concern here is if the plan is to repurchase regardless, whether selling at all meets any goals here.