Use capital losses to reduce taxable income of previous years
[Thanks to Robert A. Smith, CFA, CFP, a Financial Advisor in Markham area and author of Dollars From Change (Review), for suggesting today's topic and providing most of the content in the post.]
If you have a net capital loss for the 2008 tax year (who doesn’t?) and reported taxable capital gains in 2005, 2006 or [...]

