Podcast: Using ETFs for Tax-Loss Selling Strategies
As we approach the end of the year, many investors are thinking about tax efficiency within their portfolio. Tax loss selling can have a significant impact on investment strategy and tax planning.
In this special episode, your host Erin Allen, Vice President, ETF Online Distribution, BMO ETFs, joins John Waters, Vice President, Director of Tax Consulting Services, BMO Private Wealth, and Andrew Vachon, Vice President, Product Marketing, BMO Global Asset Management, to dig into this topic and how ETFs can help create tax-efficient strategies. This episode was recorded live on November 11, 2024.
ETFs mentioned:
- BMO S&P 500 Index ETF (Ticker ZSP)
- BMO Canadian Dividend ETF (Ticker: ZDV)
- BMO NASDAQ 100 Equity Index ETF (Ticker: ZNQ)
- BMO Low Volatility US Equity ETF (Ticker ZLU)
The stocks mentioned for tax-loss harvesting opportunities (Rogers Communications, BCE Inc. and Dollar Tree) were for illustrative purposes only, based on year-to-date performance through October 21, 2024 (Bloomberg).
Stocks that may provide tax-loss harvesting opportunities, together with ETFs that provide exposure to that stock is stated in the podcast. Stocks are based on year-to-date performance; however, for tax purposes, an investor’s capital loss will be based on the difference between the proceeds of disposition and the adjusted cost base. Prior to implementing a tax-loss selling strategy, please consult with your tax advisor.
Disclaimers:
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