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⏲ Duration: 29 sec
✓ Published: 13-Nov-2022
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Transferring investments that have lost value to a minor child will trigger a capital loss you can then use to offset any realized capital gains.nnAny future investment growth is taxable to the minor child since attribution rules don’t apply to capital gains.nnVisit: www.msadviser.cann#tax #taxlossharvesting#taxplanning #investments #investing #yearendtaxstrategiesnn*Mutual Funds and ETFs are provided through Carte Wealth Management Inc.n**Insurance products such as segregated funds, life, d

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Save taxes by using capital losses to offset capital gains.nnDid you know?nn� You can use capital losses to offset capital gains in the current year.n� You can also carry them back three years and carrynthem forward indefinitely.nnThis strategy only works with non-registered investmentsnnVisit: www.msadviser.cann#wealthmanagement #investment #mutualfunds #ETFs #taxstrategiesnnnn*Mutual Funds and ETFs are provided through Carte Wealth Management Inc.n**Insurance products such as segregated fu
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Did you know?nnCapital gains are taxed more favourably compared to fully taxable income. Here are four ways to further minimize capital gains tax:nn1. Use capital losses to offset capital gainsn2. Transfer income to a family member with little or no income worth up to $28k in capital gains without any taxn3. Delay triggering capital gains or spread the realized gains over yearsn4. Take advantage of the lifetime capital gains exemption of $913,630 for qualifying small business corporations or $1
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