Tax Tips & Traps – Q1 2026 (Issue 153) - Sale of Shares in Error: Accidents Still Trigger Tax

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In a Quebec case, a taxpayer accidentally sold shares while hospitalized and immediately repurchased them. Despite the mistake, the court ruled that:

  • A sale occurred
  • A capital gain was triggered
  • Relief provisions did not apply

Action: Even unintentional transactions can create real tax consequences.