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investment."}],"markDefs":[],"style":"normal"},{"_key":"bdfb17164cbe","_type":"block","children":[{"_key":"9171994a0f050","_type":"span","marks":[],"text":"\nThe good news is that if this happens in a non-registered account, it can help lower your taxes."}],"markDefs":[],"style":"normal"},{"_key":"a2d222b6be5e","_type":"block","children":[{"_key":"ddf56eb836f60","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"fe6bea87dea7","_type":"block","children":[{"_key":"9b39b290ae2a0","_type":"span","marks":[],"text":"Even if you’re focused on registered accounts, this may still be relevant to you - especially if you purchase shares through an employee stock purchase plan."}],"markDefs":[],"style":"normal"},{"_key":"b46e41ceba73","_type":"block","children":[{"_key":"b528339577520","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"622bbfa87c50","_type":"block","children":[{"_key":"e8bcf8865d9f0","_type":"span","marks":[],"text":"Here’s 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took part in her company’s "},{"_key":"7376e50727b11","_type":"span","marks":["258a323ded38","strong"],"text":"Employee Stock Purchase Plan"},{"_key":"7376e50727b12","_type":"span","marks":["strong"],"text":" (ESPP)"}],"markDefs":[{"_key":"258a323ded38","_type":"link","href":"https://www.investopedia.com/terms/e/espp.asp#:~:text=An%20employee%20stock%20purchase%20plan%20(ESPP)%20is%20a%20company%2D,date%20and%20the%20purchase%20date."}],"style":"normal"},{"_key":"c747fb2f49f5","_type":"block","children":[{"_key":"132f5f9f76510","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"780b92dc22b4","_type":"block","children":[{"_key":"5a6ed42baca40","_type":"span","marks":[],"text":"She held onto these stocks even after she left the company."}],"markDefs":[],"style":"normal"},{"_key":"f975391ebcaa","_type":"block","children":[{"_key":"2546a700df180","_type":"span","marks":[],"text":"\nHowever, a few years later the company was found guilty of fraud - and the stock price "},{"_key":"77b94de4d7741","_type":"span","marks":["em"],"text":"tanked"},{"_key":"77b94de4d7742","_type":"span","marks":[],"text":"."}],"markDefs":[],"style":"normal"},{"_key":"4a848d84b401","_type":"block","children":[{"_key":"c0637bd201020","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"07c7aff6111f","_type":"block","children":[{"_key":"9b26592a19380","_type":"span","marks":[],"text":"She held onto it for years, but it never recovered. She finally sold at a $10,000 loss."}],"markDefs":[],"style":"normal"},{"_key":"79a3d9c6db73","_type":"block","children":[{"_key":"777ad2d732410","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"0e714e3a874e","_type":"block","children":[{"_key":"688ce33de5030","_type":"span","marks":[],"text":"Use losses to offset gains"}],"markDefs":[],"style":"h2"},{"_key":"c88a844ddf07","_type":"block","children":[{"_key":"d539a82adad30","_type":"span","marks":[],"text":"Let’s go back to Mike’s example and see how his $3,000 capital loss can reduce his tax bill."}],"markDefs":[],"style":"normal"},{"_key":"54ff57a6189f","_type":"block","children":[{"_key":"5a537a69010e0","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"c5c3eca4cd28","_type":"block","children":[{"_key":"94a7b043d55e0","_type":"span","marks":[],"text":"Later in the same year, Mike sold another investment and made a $7,000 capital gain."}],"markDefs":[],"style":"normal"},{"_key":"931103cf9e34","_type":"block","children":[{"_key":"8eb75490f1720","_type":"span","marks":[],"text":"\nSince this was in a non-registered account, he’d be taxed on half of that."}],"markDefs":[],"style":"normal"},{"_key":"bb878a87d9cd","_type":"block","children":[{"_key":"9e5e7d933e3e0","_type":"span","marks":[],"text":"\nBut thanks to the $3,000 loss from the tech stock, Mike can offset part of the gain:"}],"markDefs":[],"style":"normal"},{"_key":"13d49876595b","_type":"block","children":[{"_key":"43db9e43c0200","_type":"span","marks":[],"text":"• His net capital gain drops from $7,000 to $4,000"}],"markDefs":[],"style":"normal"},{"_key":"89fc64511f44","_type":"block","children":[{"_key":"0cf2d307cf490","_type":"span","marks":[],"text":"• Only 50% of that ($2,000) is taxable"}],"markDefs":[],"style":"normal"},{"_key":"a2c1b051c263","_type":"block","children":[{"_key":"0780f0c80d7f0","_type":"span","marks":[],"text":"\nIn other words, that $3,000 loss saved him from paying tax on an additional $1,500 worth of income. 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money on taxes feels good!"}],"markDefs":[],"style":"normal"},{"_key":"68959a0432d6","_type":"block","children":[{"_key":"939e822ef99c0","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"0d0b35784f77","_type":"block","children":[{"_key":"7ecb6e4db1ba0","_type":"span","marks":[],"text":"But what if you don’t have other investments in non-registered accounts?"}],"markDefs":[],"style":"h3"},{"_key":"b1c97b150bf4","_type":"block","children":[{"_key":"3e4a0a9c250a0","_type":"span","marks":[],"text":"If you don’t have any other gains to offset right now, don’t worry - your capital loss doesn’t go to waste."}],"markDefs":[],"style":"normal"},{"_key":"eadab807b2e5","_type":"block","children":[{"_key":"182dc60a775a0","_type":"span","marks":[],"text":""}],"markDefs":[],"style":"normal"},{"_key":"a8aea576c3a7","_type":"block","children":[{"_key":"f169f717aafa0","_type":"span","marks":[],"text":"In Canada, capital losses can be 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