Lines 217 and 228 - Business investment loss

If you had a business investment loss in 2016, you can deduct 1/2 of the loss from income. The amount of loss you can deduct from your income is called your allowable business investment loss (ABIL).

Completing your tax return

Complete Chart 6 of your T4037, Capital Gains guide to determine your ABIL.

On line 228, enter the gross business investment loss from line A of Chart 6.

On line 217, enter your allowable business investment loss from line D of Chart 6.

Forms and publications

• Guide T4037, Capital Gains
• Form T1A, Request for Loss Carryback
• Income Tax Folio S1-F5-C1, Related persons and dealing at arm’s length
• IT232, Losses - Their deductibility in the loss year or in other years
• IT484, Business investment losses

Related topics

• Line 252 - Non-capital losses of other years
• Line 253 - Net capital losses of other years
• Summary of loss application rules

Date modified:

2017-01-03