'Tis the season for tax-loss selling in Canada.

Tax-loss selling is a strategy used by Canadian investors to lower their potential tax bill. It involves selling investments at a loss to offset taxable capital gains. The capital losses can be used to reduce the amount of tax paid on investments. However, investors must be strategic in selecting which investments to sell and avoid repurchasing them within 30 days to avoid the superficial loss rule. Implementing a tax-loss selling strategy can also provide an opportunity to rebalance portfolios and ensure they align with risk tolerance and investment objectives. [Extracted from the article]