How do I claim my investment losses of $44,443.47 from fraud, which I incurred in May of 2014.

I invested through wire transfers sums of money to a company online called Secure Investment. Over five wire transactions were sent to this company totalling $44443.47. The company simply shut down operations after 6 years of business. All investors were left without a trace of who they were or where they operated from.

How to I claim this loss?


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Sorry to hear about the investment losses due to fraud. Lines 217 and 228 of your tax return allows you to show business investment loss. The CRA says a business loss can be when a small business corporation owes you a debt that is considered to be a bad debt at the end of the year. You may wish to see the CRA article for further info at:

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