Affiliated Persons Trap
You cannot sell VCN in your taxable account and simultaneously buy VCN inside your TFSA, RRSP, or your spouse's account. The CRA considers spouses and personal corporations affiliated persons.
Review Canadian Taxes →
PREMIUM EXCLUSIVE
Tax-Loss Harvesting & Superficial Loss Engine
Turn market pullbacks into immediate tax refunds. Calculate your tax alpha, identify pre-approved substitute ETF pairs to stay 100% invested, and track the 30-day CRA & IRS wash-sale restriction window.
UNREALIZED CAPITAL LOSS
$10,000
Paper loss available to offset current or past capital gains.
ESTIMATED TAX CASH REFUND
$2,150
Actual cash tax savings at your marginal tax bracket.
30-DAY SAFE REPURCHASE DATE
—
Earliest date you or your spouse can safely repurchase the original ticker.
Tax Position Parameters
Total purchase cost including past reinvested distributions.
Pre-Vetted Secondary Substitute Pair
To avoid selling out of the market, instantly roll your proceeds into this substitute ETF. Because it tracks a different benchmark index, it satisfies the CRA's "not identical property" rule (CRA IT-456).
Primary Holding to Sell
VCN
FTSE Canada All Cap
Substitute ETF to Buy Immediately
XIC
S&P/TSX Capped Composite
⚖️ CRA / IRS Compliance Note: Tracks different index with different constituent caps.
3-Step Harvest Execution Checklist
Step 1: Sell your position in the primary ETF in your taxable brokerage account during market hours.
Step 2: In the same trading minute, use 100% of the proceeds to buy the substitute ETF. You maintain market exposure with zero gap risk.
Step 3: Keep the substitute ETF permanently, or wait until after the Safe Date to switch back if desired.
Tax Authority Compliance
The 30-Day Superficial Loss Trap to Avoid
Under CRA rules, a capital loss is denied if an "affiliated person" repurchases the identical property within 30 days before or after the sale.
Carry Back 3 Years / Forward Forever
Net capital losses can be carried back up to 3 tax years to trigger immediate tax refunds on past capital gains taxes paid, or carried forward indefinitely to offset future gains.
Investor Plan Guide →DRIP Cancellation
Ensure your automated dividend reinvestment plan (DRIP) for the sold ticker is paused during the 30-day window. Even purchasing a fractional 0.1 share via DRIP triggers the superficial loss denial!
Review DRIP Rules →