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Royal Bank of Canada (RY)
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Tourmaline Oil Corp. (TOU)
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Paramount Resources Ltd. Class A Common Shares (POU)
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Magna International Inc. (MG)
Q: I intend to use as many losing companies such as above POU, RY, TOU and MG (presently underwater) against a significant amount of capital gains to reduce my taxes for 2023. I will probably buy them back in the new year. What is wrong with this approach? Please explain.
Thank you.
Thank you.