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New Member
posted Oct 29, 2019 11:09:57 PM

I sold rental property in 2015 at a loss. Capital Gain Summary page has calculated Negative Capital Gain but no change in tax payable or refund. Why is that?

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1 Best answer
New Member
Oct 29, 2019 11:09:58 PM

Capital losses are carried forward to be applied against capital gains.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/lss-ddct/gnrl/...


1 Replies
New Member
Oct 29, 2019 11:09:58 PM

Capital losses are carried forward to be applied against capital gains.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/rprtng-ncm/lns101-170/127/lss-ddct/gnrl/...