Chart 4 - Applying net capital losses of other years to 2016

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Chart 4 - Applying net capital losses of other years to 2016

If you do not have a balance of unapplied net capital losses from before May 23, 1985, and your 2015 notice of assessment or reassessment shows that you have unapplied net capital losses of other years and/or a 2015 net capital loss, you can use this chart to determine your net capital losses that can be applied to 2016.

If you have a balance of unapplied losses you incurred before May 23, 1985 or you want to keep a breakdown of your unapplied net capital losses, use Chart 5 - Applying net capital losses of other years to 2016, to calculate your available losses. You will have to adjust certain losses you incurred after 1987 and before 2001.

Chart 4 - Applying net capital losses of other years to 2016

1. Total unapplied net capital losses available from before 2015 (from your 2015 notice of assessment or reassessment)
$ Blank space for dollar value
Line 1
2. Your 2015 net capital loss (from your 2015 notice of assessment or reassessment)
$ Blank space for dollar value
Line 2
3. Line 1 plus Line 2
$ Blank space for dollar value
Line 3
4. Your 2016 taxable capital gains (from line 127 of your 2016 income tax and benefit return)
$ Blank space for dollar value
Line 4
5. Enter the amount from line 3 or line 4, whichever is less
$ Blank space for dollar value
Line 5
6. You can apply all, or part of, the amount on line 5 against your taxable capital gains in 2016. Enter on line 6 the amount of losses you want to claim and enter this amount on line 253 of your 2016 income tax and benefit return.
$ Blank space for dollar value
Line 6
7. Balance of unapplied net capital losses of other years not used to reduce taxable capital gains and available to carry forward to future years (line 3 minus line 6)
$ Blank space for dollar value
Line 7
Date modified:
2017-01-03