Time running out for Tax-Loss Selling

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Christmas Eve and New Years at midnightNot to put any pressure on anyone trying to finish their Christmas Shopping, but Wednesday, Dec. 24 is also the last day Canadians can sell stocks for tax-loss harvesting purposes.

You need three days to settle trades so next week just before New Year’s will be too late. Christmas on Thursday is obviously a holiday and Canadian markets are closed Friday for Boxing Day.

Americans have a little bit longer, since U.S. markets will be open part of the day Friday.

More details in my current MoneySense blog.

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