Tax Optima

[Tax Optima @TaxOptimaCA]

2/ Run your numbers with our free Tax-Loss Harvesting Estimator: calculate capital gain offsets, Form T1A carrybacks, and provincial marginal rates.

Try the free tool here:
https://t.co/ciSWSdoFcv

[Tax Optima @TaxOptimaCA]

Tax drag is the silent killer of Canadian non-registered investment portfolios.

By strategically harvesting losses each quarter, you can eliminate tax drag and compound refunds.

Calculate your tax savings in 60s 🧵👇

[Tax Optima @TaxOptimaCA]

1/ Traditional advice says 'wait until December' to harvest losses.

That's a mistake. Volatility happens all year. Harvesting mid-year locks in deductions when dips occur, rather than hoping for a year-end slump.

[Tax Optima @TaxOptimaCA]

How much tax refund could you generate by converting your mortgage into an investment loan?

We built a free Smith Manoeuver calculator with Canadian marginal rates, HELOC readvancement, and 25-yr net worth projections:
https://t.co/Aj8b2tCMrb

[Tax Optima @TaxOptimaCA]

2/ If you or an affiliated person hold the substituted property at day 30 post-settlement, the loss is denied.

Don't let timing errors void your tax savings.

Read our CRA guide:
https://t.co/uwYLeX1ZCK

[Tax Optima @TaxOptimaCA]

Think the CRA superficial loss rule is just '30 days'?

It is actually a 61-day window that catches Canadian investors off guard every year.

Here is how the settlement calendar math works: 🧵👇

[Tax Optima @TaxOptimaCA]

1/ Under ITA Section 54, the window spans:
• 30 calendar days BEFORE settlement
• The settlement day (T+1)
• 30 calendar days AFTER settlement

61 days total. It also applies to your spouse & corps you control (ITA 251.1).

[Tax Optima @TaxOptimaCA]

Tax-loss harvesting in Canada without sitting in cash for 30 days?

Use CRA-compliant ETF swap pairs tracking different underlying indexes so they aren't 'identical property'.

See our ETF swap table & CRA rules:
https://t.co/MdA6E9kIHi

[Tax Optima @TaxOptimaCA]

2/ Once contaminated, proportional tracing is an audit nightmare and CRA can disallow the deduction.

The fix: dedicated readvanceable sub-accounts.

Read our audit-proofing guide:
https://t.co/Ej5nG9x22n

[Tax Optima @TaxOptimaCA]

The #1 reason Canadians lose their Smith Manoeuver tax deduction in a CRA audit?

Commingling personal and investment debt in the same HELOC.

Here is the exact mistake that invalidates years of deductions 🧵👇

[Tax Optima @TaxOptimaCA]

1/ Under ITA 20(1)(c), deductibility depends on current use of borrowed funds.

Charging even a coffee or transferring $100 for groceries from your investment line contaminates the credit facility under CRA Bulletin IT-533.

[Tax Optima @TaxOptimaCA]

Selling an ETF at a loss in non-reg and immediately rebuying in your TFSA?

STOP. Under CRA ITA 40(2)(g)(i), your capital loss deduction is permanently disallowed with $0 ACB bump.

Here is how the 61-day rule works:
https://t.co/g9axDrGulc

[Tax Optima @TaxOptimaCA]

2/ The secret is CRA Form T1A (Request for Loss Carryback). You don't amend past returns—you file T1A alongside your current T1.

Read our step-by-step guide + calculation worksheets:
https://t.co/K3LQBcIuz1

[Tax Optima @TaxOptimaCA]

Did you know you can legally claw back taxes you ALREADY paid CRA over the last 3 years?

If you realized capital losses this year, here is how CRA Form T1A works without triggering an audit: 🧵👇

[Tax Optima @TaxOptimaCA]

1/ Under ITA Section 111(1)(b), net capital losses can be carried forward indefinitely or carried BACK 3 taxation years.

Example: A $40k loss harvested in 2026 can offset a 2024 gain and trigger a direct cash refund from CRA.

[Tax Optima @TaxOptimaCA]

2/ The secret is CRA Form T1A (Request for Loss Carryback). You don't amend past returns—you file T1A alongside your current T1.

Read our step-by-step guide + calculation worksheets:
https://t.co/K3LQBcIuz1

[Tax Optima @TaxOptimaCA]

1/ Under ITA Section 111(1)(b), net capital losses can be carried forward indefinitely or carried BACK 3 taxation years.

Example: A $40k loss harvested in 2026 can offset a 2024 gain and trigger a direct cash refund from CRA.

[Tax Optima @TaxOptimaCA]

Most Canadian homeowners treat their mortgage as dead debt.

Under CRA Folio S3-F6-C1 & the Singleton precedent, you can systematically convert non-deductible mortgage interest into tax refunds.

Read our CRA audit breakdown:
https://t.co/gnXNFUQ3ne