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| *The Commerce Journal>>>Canada Taxes |
Can I do this on my taxes as a loss? |
I brought a lot of shares long ago, now the company has gone private. Can I sell the shares to my kids and take the loss on my income tax? By the way I live in Canada. There are several guides. information circulars, etc. on the CRA website. You cannot apply a capital loss to your regular income. It can only be applied to capital gains. (except in the year of death) Below is the Capital gains Guide. http://www.cra-arc.gc.ca/e/pub/tg/t4037/... |
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