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Invesco Canada blog

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Tax & Estate

‘Tis the season for tax-loss selling


December 5, 2018
Subject | ETFs | Invesco | Tax & Estate

As the year-end approaches, many investors with taxable accounts may be seeking to dispose of securities that have lost money. The strategy of tax-loss selling allows the investor to claim a capital loss, which offsets capital gains for the current year. Any unused net capital losses can then be applied against taxable capital gains in any of the three preceding years, or carried forward indefinitely to future years. To realize capital gains and losses in 2018, trades must be executed by Thursday, December 27 to ensure settlement by Monday, December 31, the last business day of 2018.

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Canadian small business tax reform, the road until now


October 27, 2017
Subject | Tax & Estate

On July 18, 2017, the Department of Finance Canada released a consultation paper and draft legislation on the use of various tax-planning strategies through private corporations (otherwise referred to as Canadian small businesses). During the consultation period, which ended on October 2, 2017, the public was given the opportunity to comment on the proposed changes. The Government received an astounding 21,000 submissions during this period. Further changes to the proposals were announced in October 2017 (see below) through to the Fall Economic Statement released on October 24, 2017. Below is an updated summary of the proposals.

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