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New Member
posted Oct 30, 2019 3:24:57 AM

I had a capital loss of $10,000 in 2016. It was a stock that went bankrupt. I couldn't find the line to record this loss.

I had a previous loss in earlier years 2001 - 2015 of $56010 which I was able to enter.

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1 Best answer
New Member
Oct 30, 2019 3:24:58 AM

You can report a loss on a T5008 or under the "Income" tab "Investments" > Capital Gains. Make sure that you have arranged with a brokerage to dispose of the stock as a loss can not be created unless the stock has sold. Most brokers have a procedure for this.

If the company you invested in was a Canadian Controlled Private Corporation then you may be able to claim an Allowable Business Investment Loss. Provide this information under the "Deductions" tab > "Losses" > Allowable Business Investment Loss.

2 Replies
New Member
Oct 30, 2019 3:24:58 AM

You can report a loss on a T5008 or under the "Income" tab "Investments" > Capital Gains. Make sure that you have arranged with a brokerage to dispose of the stock as a loss can not be created unless the stock has sold. Most brokers have a procedure for this.

If the company you invested in was a Canadian Controlled Private Corporation then you may be able to claim an Allowable Business Investment Loss. Provide this information under the "Deductions" tab > "Losses" > Allowable Business Investment Loss.

New Member
Oct 30, 2019 3:24:59 AM

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/217-228/menu-eng.html