Minimizing Canadian taxes from sale of US stock

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taxxy
Posts: 2
Joined: Sun Dec 01, 2013 11:44 pm

Minimizing Canadian taxes from sale of US stock

Post by taxxy »

Hi,

I'm a Canadian citizen and Ontario resident who is selling stock in a US company. I'm looking to minimize the tax hit when the sale occurs.
Is there a better option than simply paying tax on a large capital gain?

Thanks,
Ignac
nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

The fact that it is US stock is unimportant here. So, the usual methods are in place: docating to charity, selling losers this year to match the gains, or waiting til next year to defer the tax
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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