Tuesday, March 12, 2024

Can a capital loss be claimed for investments held within a registered account?

 

Our response:

No, capital losses can’t be claimed for investments held within registered accounts like an RRSP, RRIF, or TFSA. Registered accounts hold special tax advantages in that they allow your investments to grow tax-free but conversely you cannot use capital losses on investments held within registered accounts to offset gains within or outside of registered accounts.

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