Triggering capital losses to gain a tax benefit

To help improve your understanding of the dos and don’ts of prompting a capital loss to produce a tax benefit, Chartered Professional Accountants of Canada (CPA Canada) is providing you with easy access to a key resource on this subject from BDO Canada.

Generating a capital loss in the right circumstances can lead to a tax benefit, and also plays an important role in how you conduct your personal tax planning. Find out what you need to know about this important topic with this BDO Canada article, “Tax rules to remember when triggering capital losses .” Published in the October 2013 edition of the firm’s enewsletter, The Tax Factor, the article addresses common questions that arise for investors when it comes to capital gains and losses on publicly-traded securities.

What you will learn

This article covers topics such as:

  • the basic rules of calculating a capital gain or loss on most property 
  • the date of disposition of shares for tax purposes
  • transferring a loss investment to an RRSP
  • trigger a loss by transferring a property to a family member