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Glossary term
Tax-loss harvesting
Strategy: sell an investment at a paper loss in a non-registered account to realize the capital loss, then buy an equivalent (not identical — superficial loss rules) at least 30+ days later. Capital loss offsets current/past/future capital gains. Not applicable inside TFSA/RRSP.
Related terms
Superficial loss rule
CRA anti-abuse rule: if you sell a security at a loss and re-buy 'identical property' within 30 days (before…
GST/HST registration
Goods and Services Tax / Harmonized Sales Tax registration — federal value-added tax. Self-employed / busines…
YMPE / YAMPE
YMPE (Year's Maximum Pensionable Earnings, $73,200 in 2026) — primary CPP cap. YAMPE ($83,200 in 2026) — seco…
Spousal RRSP
Spousal RRSP — RRSP where you (higher-income spouse) contribute but your spouse is the annuitant (owner). Goa…
RRSP over-contribution
CRA allows a $2,000 lifetime buffer above your RRSP room without penalty. Above $2,000 — 1% per-month penalty…
SIN
Social Insurance Number — a 9-digit number required to work legally in Canada and to open any registered acco…
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