The Bill Currie Wealth Management Group » Tax Loss http://www.curriewmg.com We build and manage wealth. Mon, 11 Jul 2011 15:55:25 +0000 en hourly 1 http://wordpress.org/?v=3.2 Tax Loss Selling 2008 http://www.curriewmg.com/2008/12/05/tax-loss-selling-2008 http://www.curriewmg.com/2008/12/05/tax-loss-selling-2008#comments Fri, 05 Dec 2008 21:45:56 +0000 Bill Currie http://www.curriewmg.com/2008/12/05/tax-loss-selling-2008 Each year, whether bull or bear market there are opportunities to crystallize losses for tax purposes in non-registered accounts. Needless to say, the list of potential candidates this year is extensive.

Five brief months ago, the TSX Composite Index was…

]]> Each year, whether bull or bear market there are opportunities to crystallize losses for tax purposes in non-registered accounts. Needless to say, the list of potential candidates this year is extensive.

Five brief months ago, the TSX Composite Index was at a record high. In 20 weeks, the market has lost nearly half its value; an unprecedented move in unprecedented times. Of the 241 companies in the TSX Composite Index, 126 have seen their share price decline more than 40% since the beginning of the year. Almost 180 companies in the S&P 500 have seen their share prices decline by a similar amount. As the calendar year-end approaches, it is timely to review portfolios in an effort to identify the positions currently trading at a loss that may be sold to take advantage of the tax benefits.

Tax Loss Information Sheet

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