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New Member
posted Apr 26, 2022 3:38:06 PM

What are the tax implications of buying/ reselling the same stock (non-regis) a few times in 1 year, when at the end of the year my money is still tied in the same stock?

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1 Replies
Level 4
Apr 28, 2022 8:51:17 AM

According to the Canada Revenue Agency (CRA), A Capital Gain/Loss is registered when you have been considered to have sold property. Therefore for each buy-and-sell pair of transactions, the capital gain/loss must be reported. Say for example - You bought and sold a stock 2 times, and then bought again (and have yet to sell for the third time) you will still have to report your capital gain/loss of those 2 times, even if you are still holding the security.

For more information, check out: Canada Revenue Agency (CRA) - Capital Gains

 

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