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Stock impact report

How to Turn Losing TSX Telecom Stock Picks Into Tax Savings [Yahoo! Finance Canada]

BCE, Inc. (BCE) 
Last bce, inc. earnings: 2/6 07:00 am Check Earnings Report
US:NYSE Investor Relations: bce.ca/investors/investoroverview
Canada's two dominant telecom stocks have been in rough shape, and that's putting it mildly. Year to date, BCE Inc. TSX:BCE ) is down about 4.6% on a price basis, while TELUS Corporation TSX:T ) has fallen roughly 11%. Stretch that out to three- and five-year periods, and the picture gets even uglier. We've already seen the stress show up in dividends. BCE cut its payout earlier this year after debt levels became difficult to manage and free cash flow no longer comfortably covered distributions. TELUS has now paused dividend growth, which, if you remember how this played out with BCE, is often an early warning sign. The good news is that investors sitting on unrealized losses in either stock aren't completely stuck. In a non-registered account, those losses can be turned into something useful through a strategy called tax-loss harvesting. What Is Tax-Loss Harvesting? Tax-loss harvesting is the strategy of selling an investment in a non-registered account for less than what yo Show less Read more
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