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  5. BNS: I recently sold BNS to harvest a capital loss with intention of repurchasing it after 30 days. [Bank of Nova Scotia (The)]
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Investment Q&A

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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?
Asked by Francisco on January 17, 2024
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.