Reduce capital taxes with ADR swap

I have some realized capital gain and significant unrealized capital loss in stocks (alibaba specifically) this year. Im looking for ways to reduce payable tax on realized capital gains.

I heard that big investors swap ADRs with hongkong listing and use it as capital loss for tax deductions (without 30 day waiting period). Unfortunately, I couldn’t find the confirmation on it on internet.

FYI, I am from Canada.

TC: $375K

#personalfinance #capitalloss #taxes