Friday, December 27, 2019 9:30:25 AM
Tax-loss selling comes with many potential benefits, but it nevertheless has some strings attached. The key thing for investors to remember is that it has a deadline.
For both Canada and the US, the last day for tax-loss selling in 2019 is December 31; however, investors should remember that the trade date must be no later than December 27, for processing time. Investors still hoping to take advantage of this strategy will have to make their trades soon, as the deadline is less than two weeks away now.
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