Calculation of loss
Hi Everyone,
I have a couple of stocks in wealth simple where i am /will be making a loss for this year amounting to 10-15K.
In order to report the capital loss to CRA do in need to sell the stock before the end of the year? or the wealthsimple will generate a report where the capital loss will be reported for the year?
This loss i can claim towards my income tax?
Can anyone please guide
Thank you
I have a couple of stocks in wealth simple where i am /will be making a loss for this year amounting to 10-15K.
In order to report the capital loss to CRA do in need to sell the stock before the end of the year? or the wealthsimple will generate a report where the capital loss will be reported for the year?
This loss i can claim towards my income tax?
Can anyone please guide
Thank you