Did you know?

Be aware of “superficial” loss, which happens when you dispose of capital property at a loss but then purchase it back less than 30 days later. This includes any property that creates any capital gain or loss such as an investment. The end result is not being able to claim the loss as a capital loss on your income tax.

Have questions? Give us a call at 905-571-2665 (BOOK)!

We’ve got you covered!