As per the Canada Revenue Agency (CRA), you can apply your net capital losses from prior years to your taxable capital gains in 2021.
Follow the applicable instructions below to carry back a net capital loss in TurboTax:
Note: A net capital loss can only be carried back to reduce taxable capital gains in any of the three prior years. Any available taxable capital gains will be shown on your prior year’s Notice of Assessment or Notice of Reassessment.
For more information, please see link: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
For more information on how to do a carry back, please see TurboTax article: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/carry-back-net-c...
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