Rebalancing your portfolio is costing you tax money. 1. Sell overweight assets inside your TFSA or RRSP — every trade is completely tax-free, so you can rebalance as often as you need without the CRA taking a single dollar of your gains. → $7,000 2. Instead of selling winners in your taxable account, direct your new TFSA contributions — up to $7,000 this year — straight into your underweight asset classes to rebalance without triggering anything. → $7,000 3. If you do have gains in a taxable account, harvest capital losses to offset them — unused losses carry forward indefinitely or back 3 years, but watch the 30-day superficial loss rule or you’ll lose the deduction. → 3 years 4. Set a 5% drift threshold before you rebalance — only act when an asset class moves 5% off target, which cuts unnecessary taxable transactions and keeps more money working for you. → 5% Full rebalancing playbook linked below.🌐 getwealthy.blog #canadafinance #personalfinance #canadianmoneytalk #moneytips #canada
Certified Financial Planner (CFP) and Chartered Investment Manager (CIM) with over 17 years of experience in Canadian personal finance. Spent 10+ years at one of Canada's Big Five banks, the last 7 focused exclusively on high-net-worth clients. Every guide is written with the same depth I bring to real client work — Canada-specific, CRA-verified, and always free.