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Ordinary capital losses
A capital loss occurs when the capital gain calculation produces a negative amount. This amount can be offset against taxable capital gains and can be
carried back and applied against taxable capital gains of any of the previous three years, subject to whether the capital gains exemption was used in that prior year.
They also can be carried forward indefinitely; this balance is known as "net capital losses" and can be applied against taxable capital gains in any future year.
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AGENT
NEWSLETTERS
GIC/RSP RATES
TOOLS
TAX TIPS
CLIENT AREA
Mutual Funds Provided Through Worldsource Financial Management Inc.
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© Copyright, 2004, Future Financial Planning Group |
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