What's Your Investment Tax Strategy Level?

Discover how tax-efficient your current investment approach really is. In just 4 quick questions, we'll assess your knowledge of capital gains, tax-advantaged accounts, and proven strategies to keep more of your returns. Get personalized insights on where you stand and what you might be missing—because the difference between a tax-aware investor and one who ignores these rules can amount to hundreds of thousands of dollars over a lifetime.

How are you currently managing your investment accounts?

I keep most investments in a regular non-registered account without much planning I use a TFSA or RRSP, but I'm not sure if I'm maximizing them correctly I use both TFSA and RRSP strategically, with some non-registered investments I have a complete account structure (TFSA, RRSP, non-registered) with investments optimized for each

When you realize a capital loss on an investment, what do you typically do?

I hold the losing investment hoping it recovers, or I just sell and move on I know capital losses can offset gains, but I don't actively track or use them I occasionally harvest losses to offset gains, but it's not systematic I use tax-loss harvesting strategically every year to minimize my tax bill

How do you track and report your investment income to the CRA?

I'm not entirely sure what I need to report or how to calculate it accurately I report the T5 slips I receive, but I'm uncertain about capital gains and losses I track most transactions and report them, though I sometimes miss details I maintain detailed records of all transactions, adjusted cost base, and report everything accurately

Which investments do you prioritize for your non-registered account?

I haven't thought much about which investments go where—I just invest where I have room I'm aware that some investments are more tax-efficient, but I'm not sure which ones I try to hold dividend stocks in non-registered accounts and interest-bearing investments in RRSPs I strategically place tax-efficient investments (dividend stocks) in non-registered accounts and tax-inefficient ones (bonds, GICs) in tax-sheltered accounts