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Canadian tax questions about options


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Hi I have a questions for my fellow Canadians in regards to taxes on options.


If I wrote a contract for 10 AAPL at a 400$ Strike, Expires Jan 2015 about and I don't want to maintaing the full liability +  I don't want to pay taxes on the puts. Can I buy 10 AAPL at a 395$ strike to limit my total exposure to 50$?


Would that qualify as equivalent to buying back my 400$ Puts and hence recognizing the gain?




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