Q: I recently sold BNS to harvest a capital loss with intention of repurchasing it after 30 days. In the meantime, I purchased ZEB while the 30 period passes. Is ZEB considered a "similar" security and therefore, I am unable to claim this loss?
5i Research Answer:
We never like speaking for the CRA, but since ZEB is an ETF and BNS is a single corporation we would see no issues here. BNS is a 15% position in ZEB but we would not view that as nearly enough to cause any anxiety at the CRA.