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New Member
posted Apr 27, 2022 10:01:16 PM

What is a restricted farm loss - should i select this option on year 1's losses?

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Moderator
Apr 30, 2022 3:45:16 PM

If your main source of income is not from farming or from a combination of farming and some other type of income, you can only claim a restricted farm loss. This Canada Revenue Agency (CRA) page has more information: What is a restricted farm loss?