T5008 book value lower then deposition, my taxes owing goes up. as investment not capital gain. makes sense. how come then my book value is higher my taxes dont come down

[zo mohammady]

 When book value higher  then deposition it means there is a capital loss.

When you have an allowable capital loss in the current tax year, you must claim it to offset any capital gains you had in the current year.

1. You can only use capital losses to reduce capital gains.
2. You cannot use capital losses to offset other types of income like business income.

Further information is available on the following link:Claiming a Net Capital Loss

Please contact our phone support team or contact us directly on Facebook or Twitter  for further assistance.