A loss is indicated on the T5008 by the amount in Box 20 (Cost or Book Value) being greater than the amount in Box 21 (Proceeds or Settlement). Make sure that "Type of Income" (drop down menu under Box 19) says 'Capital Gains'.
Access the T5008 input screen under the "Income" tab > hover over "T-slips" and select T5008 from the list.
Capital Losses reduce Capital Gains in the current year, excess losses can be carried back 3 years (under the "Deductions" tab > "Losses" > Net-Capital Losses Carry Back) or forward indefinitely.
A loss is indicated on the T5008 by the amount in Box 20 (Cost or Book Value) being greater than the amount in Box 21 (Proceeds or Settlement). Make sure that "Type of Income" (drop down menu under Box 19) says 'Capital Gains'.
Access the T5008 input screen under the "Income" tab > hover over "T-slips" and select T5008 from the list.
Capital Losses reduce Capital Gains in the current year, excess losses can be carried back 3 years (under the "Deductions" tab > "Losses" > Net-Capital Losses Carry Back) or forward indefinitely.
Do i need to note this loss anywhere else to carry the loss forward into future years?
No the Loss will automatically be recorded by CRA and show up on your Notice of Assessment.