ETF tax tip

Josh Ehrlich at ETF Insight explains that if you’ve booked gains for the year, you should lock in losses to offset these gains.

Rather than hanging on to an ETF that’s losing money, sell it when the resulting tax deduction can keep you from paying capital gains elsewhere in your portfolio.

Also read:

ETF tax advantages

Tax-loss harvest using ETFs

ETF strategies for a downturn

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.