Q: I am at a loss in BCE, therefore I plan to sell it and use it for tax loss purposes, then in 30 days rebuy it and now I have a juicy dividend and if the stock remains flat, I'm okay with this and get paid while I wait. Comments on this strategy, please.
5i Research Answer:
We are fine with tax-loss harvesting such as this. The next ex-dividend date is likely December 13 so investors do have time to execute this prior to that. Keep in mind the stock could see pressure from others taking tax losses as well.