Appealing loss amounts

The objection and appeal process does not usually apply to loss amounts under dispute because there is no tax, interest, or penalty involved; however, if a corporation does not agree with losses that we have assessed and wants to appeal, it has to request a loss determination.

Requesting a loss determination

A loss determination is a chance for a corporation to ask us to re-examine any losses assessed on its notice of assessment.

If the corporation asks, we will make determinations of the following amounts:

• a non-capital loss;
• a net capital loss;
• a restricted farm loss;
• a farm loss; or
• a limited partnership loss.

Send any requests for loss determinations to your tax services office or tax centre.

Notice of determination/redetermination of a loss

When we have received your request and officially determined any loss amounts, we will send you Form T67AM, Notice of Determination/Redetermination of a Loss. Once you have received this form, you can appeal our loss determination.

Appealing loss determinations

To appeal the loss determination contained in Form T67AM, Notice of Determination/Redetermination of a Loss, you need to make a formal objection. See Resolving disputes for more information.

Forms and publications

• Guide T4012, T2 Corporation Income Tax Guide

Date modified:

2017-02-21