Q: I recently sold my shares of bce that are in my non registered account at a loss with the intention of buying the shares back 30 days later. However I also recently purchased bce shares in my registered accounts. Can I still repurchase the bce shares in my trading account and claim a tax loss in the process. Thanks steve
5i Research Answer:
It depends on what 'recently' means here. A loss in a non-registered account cannot be claimed if the same shares were bought in a registered account with a 30-day period (both 30 days before AND after the sale). But if this 30-day superficial loss rule does not apply then the shares can be purchased in any account.