Can I claim losses on delisted stock (the value is $0)?

[juanschau-gmail-]

I bought the stocks in 2021, didn't sell them and now the company is inactive.

[Zack1103]

To claim this loss, even though you are not able to sell the shares, you must record a disposition of the stock for $0 and an immediate re-possession at $0 according to Section 50(1) of the income tax act. You must also mail the CRA a signed letter stating that you would like Section 50(1) of the Income Tax Act to apply to this transaction. 

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