This is what I am doing..... Make sure you either research thoroughly or talk to your accountant.
What works for me could be detrimental to your financial tax affairs.
I will read the CR documents than might or might not buy in a with fresh funds at the time or buy on market at a later stage but I will crystalise my losses.
I have 50,000 that cost about $10,000 (luckily AJM was my smallest lithium holdings), so if AJM starts trading at $0.005 than I can sell all and aquire $9750 of tax losses
Even if I buy back in a month later (to not cross any tax minimisation rules) for $1,000 at 1c it is 10,000 shares and wait out a few years.....
In two years if AJM gets lucky and shares are worth 10c I will have $9750 tax losses + $10,000 of equity.
If I hold for two year I have is $10,000 of shares equity.
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Open | High | Low | Value | Volume |
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---|---|---|
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10 | 482555 | 0.028 |
1 | 384615 | 0.026 |
1 | 35000 | 0.025 |
1 | 41708 | 0.023 |
Price($) | Vol. | No. |
---|---|---|
0.031 | 523989 | 8 |
0.032 | 38813 | 2 |
0.033 | 8100 | 2 |
0.034 | 269773 | 1 |
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