Tax loss harvesting is the selling a security that has experienced a loss in order to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining asset allocation and expected returns.

In the U.S. we have the Wash Sale rule which prevents us from realizing a loss and replacing it within 30 days before or after with the same security or a substantially identical security such as an option.

By the same token, one can harvest gains in low income (low tax) years in order to pay a lower amount of taxes on the gain. There is no prohibition against doing this, ala the Wash Sale rule.

I have been doing this for years since my income is very variable.

The short answer is that you should determine the gains or losses on your positions, determine your tax status and then work the numbers to see if harvesting any gains or losses is worthwhile. And make sure to find out if you have any regulations similar to our Wash Sale rule.

Tax loss harvesting is the selling a security that has experienced a loss in order to offset taxes on both gains and income. The sold security is replaced by a similar one, maintaining asset allocation and expected returns.

In the U.S. we have the Wash Sale rule which prevents us from realizing a loss and replacing it within 30 days before or after with the same security or a substantially identical security such as an option.

By the same token, one can harvest gains in low income years in order to pay a lower amount of taxes on the gain. There is no prohibition in the U.S. against doing this, ala the Wash Sale rule.

I have been doing this for years since my income is very variable.

The short answer is that you should determine the gains or losses on your positions, determine your tax status and then work the numbers to see if harvesting any gains or losses is worthwhile. And make sure to find out if you have any regulations similar to our Wash Sale rule.