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Tax Loss Selling Overview

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Dec 2nd, 2022

Tax Loss Selling Overview

As a resident of Ontario, Canada, you may be able to reduce your annual tax spending through a strategy known as Tax Loss Selling. This strategy involves selling investments that have decreased in value before the end of the tax year in order to offset any capital gains you may have made from other investments. By doing this, you can effectively reduce the amount of tax you owe on your capital gains.

Keep in mind that there are some rules and limitations to tax loss selling, so it's important to consult with your Selectpath financial advisor before implementing this strategy. They can help you determine if tax loss selling is right for your situation and guide you through the process.

You can use the illustrated guide below to help give you some ideas of how you can reduce your annual spending through TLS. 




Tax Loss Selling Overview

Corporate Office - London

310-700 Richmond Street
London, ON N6A 5C7

Tel: (519) 675-1177

Toll-Free: (888) 327-5777



200-429 Exmouth Street
Sarnia, ON N7T 5P1

Tel: (519) 337-0807

Toll-Free: (877) 822-1522



305-1949 Upper Water Street

Halifax, NS B3J3N3

Tel: (902) 797-1391

Toll-Free: (833) 832-2230


Saint John

190-17 Canterbury Street

Saint John, NB E2L2C3

Tel: (506) 638-6549

Toll-Free: (833) 832-2230



Belle River, Ontario

1303 Essex County Road 22, Unit 303, N0R 1A0

Financial Tel: (519) 258-5510

Employee Benefits Tel: (519) 419-5515



1464 Cornwall Road, Unit 1

Oakville ON L6J 7W5

Tel: (866) 940-3777