Where do I enter unused capital loss in a refile?

To use a net capital loss from a previous year to reduce your capital gains this year, follow the instructions below.

Note: Before you begin, find out how much net capital loss is available by checking your Notice of Assessment or Notice of Reassessment.

1. Select Find (or the magnifying glass icon).
2. In the Find window, type losses.
3. Select Losses from the list of results, then Go.
4. On the Your Losses Profile for 20xx step, select Net Capital Loss Carry Forward, then Continue.
5. On the Net Capital Loss Carry Forwards screen, fill out the fields using information from your Notice of Assessment or Notice of Reassessment from the previous tax year, then select Continue.
6. On the Net Capital Losses Being Claimed screen, fill out the field(s) if applicable, then select Continue.
7. On the Carry Forward of 2000 Capital Gains Inclusion Rate screen, fill out the field if applicable, then select Continue.
8. If the Tax on Split Income (TOSI) screen appears, answer the question, then select Continue.
9. If the Carry Forward of 2000 Capital Gains Inclusion Rate screen appears again, select Continue.
10. The deductions summary screen appears.

After you finish, here's how you can check the amount of losses being used against current-year taxable capital gains:

1. Select Find (or the magnifying glass).
2. In the Find window, type deductions.
3. Select Deduction Summary from the search results, then Go.
4. The amount is displayed next to Losses of other years. If the number next to Losses of other years is 0, that means there are no capital gains to deduct from                                                                                                   If you require further assistance please contact our phone support team for further assistance or contact us directly on Facebook or Twitter.