The time to think about taxes on your investment portfolio is not when you're preparing taxes in a few months, but now. There are several things to consider as we head into the new year which can help reduce your tax bill and improve the performance of your portfolio.

In the last episode before Christmas, Suhail shares a few tax minimisation strategies such as Tax-Loss Harvesting and Tax-Deferral which for U.S. and Canadian investors will need to be considered and implemented before the last day for tax-loss selling which is December 29th this year. Stocks purchased or sold after this date will be settled in 2021, so any capital gains or losses will apply to the following tax year.

Suhail also introduces you to Tax-Loss buying opportunities which often arise in small and micro-cap companies as well as the Dogs of the Dow strategy which could be a winning approach for the non-technology component of your portfolio next year.

Wishing everyone a safe and happy holiday!