Q: Ric asked a question about selling a stock, for a loss, that he had only just purchased 15 days earlier. Jamie Golembek had a very interesting article in the FP this past weekend, where he states that it is not necessarily straightforward, particularly if you only sell part of the holding, and not 100% of it, when that that holding was only just purchased within the prior 30 days before its ultimate sale. Certainly worth the read, because the CRA has a formula that they apparently follow.
Please see the link: https://financialpost.com/personal-finance/taxes/investors-should-beware-this-quirk-in-the-superficial-loss-rule-when-filing-their-taxes
Please see the link: https://financialpost.com/personal-finance/taxes/investors-should-beware-this-quirk-in-the-superficial-loss-rule-when-filing-their-taxes