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   What is tax-loss harvesting?

   • Tax-loss harvesting is a tax strategy where you intentionally sell an investment for a loss in order to offset capital gains taxes elsewhere.

   What is Tax Loss Harvesting? | The Motley Fool Canada

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   How does tax loss harvesting work?

   • Tax-loss harvesting occurs when you sell an investment that has dropped below its original purchase price, triggering a capital loss. The funds are then used to purchase a comparable investment in the hopes that it will increase in value over time, resulting in a capital gain.

   How to use tax loss harvesting to boost your portfolio - Fidelity

   www.fidelity.ca/en/insights/articles/tax-loss-harvesting/

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   Is tax loss harvesting a good strategy?

   • In fact, a sound tax-loss harvesting strategy can result in significant tax savings over the years. How does tax loss harvesting work? Tax-loss harvesting occurs when you sell an investment that has dropped below its original purchase price, triggering a capital loss.

   How to use tax loss harvesting to boost your portfolio - Fidelity

   www.fidelity.ca/en/insights/articles/tax-loss-harvesting/

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   How can tax-loss harvesting help reduce tax burden?

   • For example, a capital gain of $2000 realized in March, and a loss position of $2000 in a certain stock realized in May of the same year, can help to offset gains and losses for the year. Tax-loss harvesting is a powerful tool that can help reduce a person’s overall tax burden.

   An introduction to tax loss harvesting - TD

   www.td.com/ca/en/investing/direct-investing/articles/what-is-tax-loss-harvesting

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   Can tax loss harvesting lower your tax bill?

   • Tax loss harvesting can be a great strategy to lower your tax bill. But it comes with one big restriction: you have to wait 30 days to repurchase an investment you sold for a loss, if you want to claim the capital loss on your taxes. So, again, let’s say you sell stock ABC for a capital loss of $400.

   What is Tax Loss Harvesting? | The Motley Fool Canada

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   Does tax-loss harvesting apply if your investments are underperforming?

   • If all your investments are in government-registered accounts such as an RRSP, RESP or TFSA, tax-loss harvesting doesn’t apply, as these assets are already growing tax-free, or tax-deferred. However, it is wise to reassess assets that are underperforming, so you may want to read on.

   Introduction to tax-loss harvesting | Mackenzie Investments

   www.mackenzieinvestments.com/en/investments/by-type/etfs/etf-articles/tax-loss-harvesting

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2. www.fool.ca › investing › what-is-tax-loss-harvestingWhat is Tax Loss Harvesting? | The Motley Fool Canada

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   Apr 19, 2023 · Tax-loss harvesting (or tax-loss selling) is a tax strategy by which you intentionally sell an investment for a loss in order to offset capital gains taxes...

3. www.investopedia.com › t › taxgainlossharvestingTax-Loss Harvesting: Definition and Example - Investopedia

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   Feb 28, 2024 · Tax-loss harvesting is the selling of securities at a loss to reduce capital gains tax on profitable assets. Learn how it works, when to use it, and what are the rules and benefits of this strategy.

   • Author: Julia Kagan

4. Videos

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     What Is Tax-Loss Harvesting? | CNBC

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     Tax Loss Harvesting Explained - How To Add 14% To Your Portfolio

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     Tax Loss Harvesting Explained for Beginners

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5. www.td.com › articles › what-is-tax-loss-harvestingAn introduction to tax loss harvesting - TD

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   What is tax loss harvesting? When you sell an investment within a non-registered account, such as a stock or a bond, for less than its adjusted cost base (ACB), it triggers a capital loss. The ACB is simply the purchase price (book value) of the investment, plus any acquisition costs, such as commissions or legal fees.

6. www.nerdwallet.com › article › taxesTax-Loss Harvesting: Definition, How It Works - NerdWallet

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   • It applies only to investments held in taxable accounts. The idea behind tax-loss harvesting is to offset taxable investment gains. Because the IRS does not tax growth on investments in tax-sheltered accounts — such as 401(k)s, 403(b)s, IRAs and 529s — there’s no reason to try to minimize your gains.
   • It’s not as financially fruitful if you’re in a low tax bracket. Since the idea behind tax-loss harvesting is to lower your tax bill today, it's most beneficial for people who are currently in the higher tax brackets.
   • If you're going for it, you have only until Dec. 31 Procrastinators take note: Some investing homework — such as opening and funding an IRA — can be made up until the tax-filing deadline.
   • Tax-loss harvesting is most useful if you’re investing in individual stocks, actively managed funds and/or exchange-traded funds. Index fund investors typically find it difficult to employ tax-loss harvesting in their portfolios.

7. www.fidelity.ca › articles › tax-loss-harvestingHow to use tax loss harvesting to boost your portfolio - Fidelity

   www.fidelity.ca › articles › tax-loss-harvesting

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   Tax-loss harvesting occurs when you sell an investment that has dropped below its original purchase price, triggering a capital loss. The funds are then used to purchase a comparable investment in the hopes that it will increase in value over time, resulting in a capital gain.

8. www.mackenzieinvestments.com › tax-loss-harvestingIntroduction to tax-loss harvesting | Mackenzie Investments

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   Oct 25, 2023 · What is tax-loss harvesting? Firstly, tax-loss harvesting is only relevant for investors who hold assets in non-registered accounts. If all your investments are in government-registered accounts such as an RRSP, RESP or TFSA, tax-loss harvesting doesn’t apply, as these assets are already growing tax-free, or tax-deferred.

9. www.investopedia.com › 08 › tax-loss-harvestingHow Tax-Loss Harvesting Works for Average Investors

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   Mar 14, 2024 · Tax-loss harvesting is a strategy that uses the capital losses from one investment to offset taxes owed on capital gains (profit) from another investment. It is...