Q: Hi Team,
If YOU had TFII and ATD at a loss in an unregistered account, would YOU sell to claim the tax loss now? Would you rebuy after 30 days? Can you also please explain the rationale behind the answer. Thanks
If YOU had TFII and ATD at a loss in an unregistered account, would YOU sell to claim the tax loss now? Would you rebuy after 30 days? Can you also please explain the rationale behind the answer. Thanks
5i Research Answer:
Yes; we typically encourage tax loss harvesting. While there is always a risk that stocks 'spike' while one awaits 30 days, we would consider this risk fairly low for these two companies. In addition, a tax loss is a 'guaranteed' benefit through tax savings, where there is never a guarantee in the market.