Thank you for choosing TurboTax,
As per CRA, if you have a capital loss, you can use it to offset capital gains and lower your income accordingly. However, if you don’t have capital gains, (If you still have a loss) it becomes part of the computation of your net capital loss for the year. You can use a net capital loss to reduce your taxable capital gain in any of the 3 preceding years or in any future year.
Please visit our Turbotax article on Carrying Capital Losses Backward or Forward
If you need any further information, you can reach us on Facebook or Twitter.
historyhaseyes14
New Member
amsaban-gmail-co
New Member
of90kd91-
New Member
marywonnacott-st
New Member
ayolawal1
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.