Link to a nice summary (with examples) of superficial loss rules vs capital loss rules in Canada.
By waiting 31 days to buy back a stock you have sold, you avoid the superficial loss rules, and can claim a capital loss, which gives you the advantage of being able to time your tax savings, by being able to claim that loss up to 3 years prior, and at any date in the future.
Buying a stock back within 30 days of selling it allows you only a superficial loss, which can be added to the adjusted cost base on the stock, and as a result can only be recognized when you sell the stock in the future.
Mostly for my own reference.
For the official source see the Revenue Canada link.
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