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Did You Know
That a spouse can transfer capital losses to his/her spouse? You may want to do this if one spouse has capital gains and the other spouse has capital losses. Since capital losses are only deductible against capital gains, the ability to transfer these losses is very beneficial.
The rules are complex here and a Chartered Accountant should be consulted. Click HERE for more information on this and other income splitting ideas.
Careful planning with a Chartered Accountant is warranted. Contact Keith Anderson CA at (780) 447-5830 if you need advice.
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