24 May 2001 External T.I. 2001-006904

If a taxpayer is eligible to make the s. 39(4) election and does so, the gain or loss on a short sale of shares that are Canadian securities would...

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"... We would consider a short sale entered into in order to hedge a taxpayer's position with respect to identical shares held on capital account...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.

"... We would consider a short sale entered into in order to hedge a taxpayer's position with respect to identical shares held on capital account...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.