Dennis Wu

Software Development Engineer @ Amazon

[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]

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]

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]

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]

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]

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

[Dennis Wu @dnswus]

@AlannaKellyNews Just photo

[Dennis Wu @dnswus]

@AlannaKellyNews Saw some blood on the ground on Homer between W Georgia and Dunsmuir

[SpaceX @SpaceX]

Watch Starship’s second integrated flight test → https://t.co/bJFjLCiTbK https://t.co/cahoRQ72lm

[Dennis Wu @dnswus]

@strengthPlan No more hot cabin when picking up the car from the parking lot

[Dennis Wu @dnswus]

@elonmusk @DriveTeslaca @PeteButtigieg Or Pete 😂

[Dennis Wu @dnswus]

@elonmusk @DriveTeslaca @PeteButtigieg Maybe rename it to George?

[Elon Musk @elonmusk]

🎯

[Dennis Wu @dnswus]

@TheTeslaLife Does it use the 🚲 cycling power to generate ⚡ electricity?

[Elon Musk @elonmusk]

8 years ago https://t.co/HPK5R5UMS6

[Dennis Wu @dnswus]

@elonmusk @DriveTeslaca Some Canadian roads have variable speed limit. Autopilot cannot recognize those signs, could FSD handle them? https://t.co/pAjRVooUQg

[Dennis Wu @dnswus]

Thanks to Sierra M for making this photo available freely on @unsplash 🎁 https://t.co/hzYKz5CcjU

[Dennis Wu @dnswus]

@TeslaTrillions @GordonA41121180 @LarckeningXuruo @elonmusk @NoahWebb_ Just curious about @icbc's reaction to this 🤔