{"id":696,"date":"2025-12-09T00:56:01","date_gmt":"2025-12-09T00:56:01","guid":{"rendered":"https:\/\/canada.truenorthtaxes.ca\/?p=696"},"modified":"2025-12-09T00:56:01","modified_gmt":"2025-12-09T00:56:01","slug":"tax-loss-harvesting-canada","status":"publish","type":"post","link":"https:\/\/truenorthbenefits.ca\/taxes\/tax-loss-harvesting-canada\/","title":{"rendered":"Tax Loss Harvesting"},"content":{"rendered":"\n<style>\n:root {\n    --primary-color: #4F46E5;\n    --secondary-color: #10B981;\n    --text-dark: #1F2937;\n    --text-light: #6B7280;\n    --bg-light: #F9FAFB;\n    --border-color: #E5E7EB;\n    --success-color: #059669;\n    --warning-color: #F59E0B;\n}\n\n.vftc-wrapper {\n    font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;\n    max-width: 1200px;\n    margin: 0 auto;\n    padding: 20px;\n    color: var(--text-dark);\n}\n\n.vftc-hero {\n    text-align: center;\n    padding: 40px 20px;\n    background: 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var(--primary-color);\n    padding: 14px 32px;\n    border-radius: 8px;\n    text-decoration: none;\n    font-weight: 600;\n    transition: all 0.3s;\n}\n\n.vftc-cta-button:hover {\n    transform: translateY(-2px);\n    box-shadow: 0 4px 12px rgba(0, 0, 0, 0.2);\n}\n\n@media (max-width: 768px) {\n    .vftc-hero h1 {\n        font-size: 1.8em;\n    }\n    \n    .vftc-content {\n        padding: 24px;\n    }\n    \n    .vftc-features-grid {\n        grid-template-columns: 1fr;\n    }\n}\n<\/style>\n\n<div class=\"vftc-wrapper\">\n    <div class=\"vftc-hero\">\n        <h1>Tax Loss Harvesting Canada 2026<\/h1>\n        <p>Turn your investment losses into tax savings \u2014 here&#8217;s how to harvest capital losses legally and offset your gains like a pro<\/p>\n    <\/div>\n\n    <div class=\"vftc-content\">\n        <p>Alright, let&#8217;s talk about something that sounds way more complicated than it actually is. Your portfolio took a beating this year, and you&#8217;re staring at some red numbers that make you wince every time you log in. But here&#8217;s the thing \u2014 those losses aren&#8217;t just painful reminders of market volatility. They&#8217;re actually potential tax savings sitting right there in your non-registered account, waiting to be harvested. No, we&#8217;re not talking about some sketchy loophole that&#8217;ll get you audited. This is 100% legit, CRA-approved strategy that savvy Canadian investors use every year to reduce their tax bills.<\/p>\n\n        <div class=\"vftc-highlight-box\">\n            <h3>Quick Answer<\/h3>\n            <p><strong>Tax loss harvesting is the strategy of deliberately selling investments at a loss to offset taxable capital gains.<\/strong> When you realize a capital loss in your non-registered account, you can use it to reduce capital gains from the current year, carry it back three years to offset past gains, or carry it forward indefinitely for future gains. The key rule: avoid the superficial loss trap by not repurchasing the identical security within 30 days before or after the sale (61-day window total). For 2026, your final trading day to harvest losses is December 30 to ensure settlement by year-end.<\/p>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M13 7h8m0 0v8m0-8l-8 8-4-4-6 6\"><\/path>\n                <\/svg>\n            <\/div>\n            How Tax Loss Harvesting Actually Works\n        <\/h2>\n        \n        <p>Let&#8217;s break this down with real numbers because that&#8217;s when things click, eh? Say you bought $10,000 worth of a tech stock back in 2024, and it&#8217;s now worth $7,000. That&#8217;s a $3,000 unrealized capital loss. Meanwhile, you also sold some bank shares earlier this year for a $5,000 realized capital gain. Without tax loss harvesting, you&#8217;d owe tax on that full $5,000 gain at the 50% inclusion rate.<\/p>\n\n        <p>But here&#8217;s where the magic happens: <strong>sell that tech stock to realize the $3,000 loss<\/strong>, and suddenly your taxable capital gain drops from $5,000 to $2,000. At a marginal tax rate of 45%, that $3,000 offset just saved you roughly $675 in taxes. Not too shabby for pressing a sell button, right?<\/p>\n\n        <p>The beauty of this strategy is its flexibility. Capital losses can offset capital gains from the current tax year, or you can carry them back to the previous three years (using Form T1A), or carry them forward indefinitely to offset future gains. That means even if you don&#8217;t have capital gains this year, harvesting losses now creates a tax credit you can bank for when you eventually do.<\/p>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-2.5L13.732 4c-.77-.833-1.964-.833-2.732 0L3.732 16.5c-.77.833.192 2.5 1.732 2.5z\"><\/path>\n                <\/svg>\n            <\/div>\n            The Superficial Loss Rule (Don&#8217;t Get Caught!)\n        <\/h2>\n\n        <p>Now before you get too excited and start selling everything, we need to talk about the CRA&#8217;s buzzkill rule: the superficial loss provision. This is where people trip up and lose their tax benefit entirely. The rule is simple but strict: <strong>you cannot repurchase the identical security within 30 calendar days before or after the sale<\/strong>. That&#8217;s a 61-day window total where that specific investment is off-limits to you, your spouse, or any corporation you control.<\/p>\n\n        <p>Let&#8217;s say you sell Royal Bank shares at a loss on December 15th. You cannot buy those exact same Royal Bank shares back until January 15th at the earliest (30 days after). Buy them back on December 20th thinking you&#8217;re clever? Boom \u2014 the CRA disallows your entire capital loss. Game over. Your only consolation is that the loss gets added to the adjusted cost base (ACB) of the repurchased shares, so you&#8217;ll potentially realize it later when you sell again.<\/p>\n\n        <div class=\"vftc-features-grid\">\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 12l2 2 4-4m6 2a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>What&#8217;s Allowed<\/h4>\n                <p>Switch from one Canadian bank ETF to another tracking a different index. Sell individual tech stocks and buy a tech sector ETF. Move from high-fee mutual funds to lower-cost comparable alternatives.<\/p>\n            <\/div>\n\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M6 18L18 6M6 6l12 12\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>What&#8217;s Not Allowed<\/h4>\n                <p>Selling TD shares and immediately buying TD shares back. Selling an S&#038;P 500 ETF and buying another S&#038;P 500 ETF within 30 days. Having your spouse buy the exact investment you just sold at a loss.<\/p>\n            <\/div>\n\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9.663 17h4.673M12 3v1m6.364 1.636l-.707.707M21 12h-1M4 12H3m3.343-5.657l-.707-.707m2.828 9.9a5 5 0 117.072 0l-.548.547A3.374 3.374 0 0014 18.469V19a2 2 0 11-4 0v-.531c0-.895-.356-1.754-.988-2.386l-.548-.547z\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>Smart Strategy<\/h4>\n                <p>Sell losing positions and immediately reinvest in comparable but materially different securities. Maintain market exposure while staying compliant and locking in the tax benefit.<\/p>\n            <\/div>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M8 7V3m8 4V3m-9 8h10M5 21h14a2 2 0 002-2V7a2 2 0 00-2-2H5a2 2 0 00-2 2v12a2 2 0 002 2z\"><\/path>\n                <\/svg>\n            <\/div>\n            Year-End Deadline: Don&#8217;t Miss the Cutoff\n        <\/h2>\n\n        <p>Here&#8217;s something that catches people every single year: trades take time to settle. In Canada, we operate on T+1 settlement (trade date plus one business day). That means if you want your capital loss to count for 2026, you need to execute the trade by <strong>December 30, 2026<\/strong> \u2014 not December 31st. Make the trade on the 31st, and it won&#8217;t settle until January 2027, meaning you&#8217;re stuck waiting another full year to use that loss.<\/p>\n\n        <p>Add in holiday closures (the TSX is closed Christmas Day and Boxing Day), and the effective deadline can actually be even earlier. Smart investors mark their calendars and review their portfolios in November, not scrambling on December 29th when everyone else is panic-selling and spreads are wider than usual.<\/p>\n\n        <div class=\"vftc-cta-box\">\n            <h3>Calculate Your Potential Tax Savings<\/h3>\n            <p>See how harvesting capital losses could impact your tax bill this year<\/p>\n            <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/income-tax-calculator\/\" class=\"vftc-cta-button\">Use Our Tax Calculator<\/a>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8c-1.657 0-3 .895-3 2s1.343 2 3 2 3 .895 3 2-1.343 2-3 2m0-8c1.11 0 2.08.402 2.599 1M12 8V7m0 1v8m0 0v1m0-1c-1.11 0-2.08-.402-2.599-1M21 12a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n                <\/svg>\n            <\/div>\n            Where This Strategy Applies (And Where It Doesn&#8217;t)\n        <\/h2>\n\n        <p>Tax loss harvesting is exclusively for non-registered accounts \u2014 your regular taxable investment accounts. RRSPs, TFSAs, RESPs, and FHSAs are already tax-sheltered, so capital gains and losses inside those accounts don&#8217;t create tax consequences. That&#8217;s actually their whole appeal, eh?<\/p>\n\n        <p>This means if you&#8217;re sitting on losses in your TFSA, there&#8217;s literally nothing to harvest. The flip side? Gains in your TFSA are also tax-free, which is why maxing out registered accounts should always be your first priority. Tax loss harvesting is the cherry on top for people who&#8217;ve already filled their TFSA and RRSP contribution room and are investing beyond that in non-registered accounts.<\/p>\n\n        <p>Understanding how different <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/tax-brackets-canada\/\">tax brackets<\/a> impact your capital gains tax is crucial here. The higher your marginal rate, the more valuable each dollar of capital loss becomes for offsetting gains. Someone in the top marginal bracket saves significantly more per dollar of loss harvested compared to someone in a lower bracket.<\/p>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M4 4v5h.582m15.356 2A8.001 8.001 0 004.582 9m0 0H9m11 11v-5h-.581m0 0a8.003 8.003 0 01-15.357-2m15.357 2H15\"><\/path>\n                <\/svg>\n            <\/div>\n            Strategic Opportunities: Portfolio Rebalancing\n        <\/h2>\n\n        <p>Smart investors use tax loss harvesting as an opportunity to clean up their portfolios, not just save taxes. Got some expensive mutual funds charging 2%+ MERs that have underperformed? Harvest those losses and switch to low-cost ETFs. Holding a bunch of individual stocks you&#8217;re not confident about anymore? Sell them at a loss and consolidate into diversified index funds.<\/p>\n\n        <p>The key is maintaining comparable market exposure. Sell Canadian bank stocks at a loss? Immediately buy a Canadian financials sector ETF. Dumping underperforming U.S. tech stocks? Rotate into a NASDAQ-100 ETF. You stay invested, avoid missing potential rebounds, and still capture the tax benefit \u2014 assuming you&#8217;re purchasing materially different securities that don&#8217;t trigger the superficial loss rule.<\/p>\n\n        <p>For business owners with substantial non-registered investment portfolios, understanding <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/corporation-tax-rates-canada\/\">corporation tax rates<\/a> can help you decide whether to hold investments personally or corporately, as the tax loss harvesting implications differ.<\/p>\n\n        <ul class=\"vftc-list\">\n            <li><strong>Rebalancing opportunity:<\/strong> Use market downturns to shift asset allocation without incurring additional tax<\/li>\n            <li><strong>Fee reduction:<\/strong> Transition from high-cost actively managed funds to low-cost index alternatives during losses<\/li>\n            <li><strong>Simplification:<\/strong> Consolidate multiple individual securities into diversified ETFs for easier management<\/li>\n            <li><strong>Risk adjustment:<\/strong> Exit speculative positions that no longer fit your risk tolerance while capturing tax benefits<\/li>\n        <\/ul>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 7h6m0 10v-3m-3 3h.01M9 17h.01M9 14h.01M12 14h.01M15 11h.01M12 11h.01M9 11h.01M7 21h10a2 2 0 002-2V5a2 2 0 00-2-2H7a2 2 0 00-2 2v14a2 2 0 002 2z\"><\/path>\n                <\/svg>\n            <\/div>\n            The Inclusion Rate: What Actually Gets Taxed\n        <\/h2>\n\n        <p>Canada taxes capital gains at a 50% inclusion rate for most individuals (note: this rate has changed historically and can change again). This means when you realize a $10,000 capital gain, only $5,000 (50%) gets added to your taxable income. Your marginal tax rate then applies to that $5,000.<\/p>\n\n        <p>The same inclusion rate applies to capital losses. A $10,000 capital loss creates a $5,000 allowable capital loss that can offset $5,000 of taxable capital gains. Understanding this ratio is crucial when planning your harvesting strategy and calculating potential tax savings. The actual dollars saved depend on your specific marginal rate in your province \u2014 someone in Ontario at a 45% marginal rate saves different amounts than someone in Alberta at a 48% rate.<\/p>\n    <\/div>\n\n    <div class=\"vftc-faq-section\">\n        <h2>Frequently Asked Questions<\/h2>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I tax loss harvest in my TFSA or RRSP?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                No. Tax loss harvesting only works in non-registered (taxable) accounts. Since TFSAs, RRSPs, RESPs, and FHSAs are already tax-sheltered, capital gains and losses inside these accounts have no tax consequences. You can&#8217;t claim losses from registered accounts against gains elsewhere.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What happens if I accidentally trigger the superficial loss rule?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                The CRA will disallow your capital loss for the current year, meaning you can&#8217;t use it to offset capital gains. However, the denied loss gets added to the adjusted cost base (ACB) of the repurchased security. This means you&#8217;ll realize the loss later when you eventually sell that security again \u2014 it&#8217;s deferred, not permanently lost.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can tax loss harvesting offset dividend income or interest income?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                No. Capital losses can only offset capital gains, not other types of income like dividends, interest, or employment income. Each income type is taxed differently in Canada, and capital losses specifically apply to the capital gains category only. This is why capital gains are considered tax-advantaged \u2014 they have preferential treatment compared to interest or employment income.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                How far back or forward can I carry capital losses?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                You can carry capital losses back three years to offset gains from past tax years (requiring you to file Form T1A to request an adjustment), or carry them forward indefinitely to offset future capital gains. This flexibility means even if you don&#8217;t have capital gains this year, harvesting losses now creates a tax credit you can use whenever you eventually do realize gains.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Does my spouse&#8217;s activity count for the superficial loss rule?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Yes! The superficial loss rule extends to affiliated persons, which includes your spouse or common-law partner. If you sell a stock at a loss and your spouse buys the identical security within that 61-day window (30 days before or after your sale), your capital loss gets denied. You need to coordinate investment decisions to avoid accidentally triggering this rule.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I tax loss harvest multiple times per year?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Absolutely. Tax loss harvesting can be done anytime during the year, not just in December. If you have realized gains in March and a position hits a loss in May, you can harvest that loss immediately to offset the spring gains. Many investors review quarterly, though most activity happens in November\/December as people assess their annual tax situation.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What&#8217;s the difference between superficial and allowable capital losses?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                A superficial loss is a capital loss that gets denied by the CRA because you violated the 61-day repurchase rule. An allowable capital loss is the portion of your capital loss (typically 50% due to the inclusion rate) that you can actually use to offset taxable capital gains. For example, a $10,000 capital loss becomes a $5,000 allowable capital loss that can offset $5,000 of taxable capital gains.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Should I harvest small losses or wait for bigger ones?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                It depends on your overall strategy and transaction costs. If you have capital gains to offset this year, even small losses are valuable. However, consider trading commissions, bid-ask spreads, and the effort involved. Some investors set minimum thresholds (like $1,000+ losses) to make the strategy worthwhile. Remember, the security might recover before it hits a larger loss, so there&#8217;s a timing element to consider.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                How do I track my adjusted cost base (ACB) for tax loss harvesting?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Your ACB is your average purchase price including commissions and fees. Most brokerages provide ACB tracking, but you&#8217;re ultimately responsible for accurate records. Use spreadsheets or dedicated ACB tracking software (adjustedcostbase.ca is popular). This is critical because you need accurate ACB to calculate your actual capital gain or loss when selling. Poor record-keeping can lead to incorrect tax filings and potential CRA audits.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Is tax loss harvesting worth it for small portfolios?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                It can be, but weigh the tax savings against the complexity and potential costs. If you have a $30,000 non-registered portfolio with $2,000 in losses and $2,000 in gains, offsetting them could save you $400-500 in taxes (depending on your marginal rate). For many people, that&#8217;s worthwhile. However, if you&#8217;re paying high trading commissions or dealing with illiquid securities, the costs might outweigh benefits. Focus on maxing registered accounts first, then consider harvesting once your taxable accounts are substantial.\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<script>\ndocument.addEventListener('DOMContentLoaded', function() {\n    const faqItems = document.querySelectorAll('.vftc-faq-item');\n    \n    faqItems.forEach(item => {\n        item.addEventListener('click', function() {\n            const isActive = this.classList.contains('active');\n            \n            \/\/ Close all items\n            faqItems.forEach(i => i.classList.remove('active'));\n            \n            \/\/ Open clicked item if it wasn't active\n            if (!isActive) {\n                this.classList.add('active');\n            }\n        });\n    });\n});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Tax Loss Harvesting Canada 2026 Turn your investment losses into tax savings \u2014 here&#8217;s how to harvest capital losses legally and offset your gains like a pro Alright, let&#8217;s talk about something that sounds way more complicated than it actually is. Your portfolio took a beating this year, and you&#8217;re staring at some red numbers [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23],"tags":[],"class_list":["post-696","post","type-post","status-publish","format-standard","hentry","category-tax-planning"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"_links":{"self":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/696","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/comments?post=696"}],"version-history":[{"count":0,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/696\/revisions"}],"wp:attachment":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/media?parent=696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/categories?post=696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/tags?post=696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}