Chart 4 – Applying net capital losses of other years to 2023
If you do not have a balance of unapplied net capital losses from before May 23, 1985, and your 2022 notice of assessment or notice of reassessment shows that you have unapplied net capital losses of other years, a 2022 net capital loss, or both, you can use this chart to determine your net capital losses of other years that you can apply to 2023.
If you have a balance of unapplied net capital losses from losses 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 2023, 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 2023
1. Total unapplied net capital losses available from before 2022 (from your 2022 notice of assessment or reassessment)
$ Blank space for dollar value
Line 1
2. Your 2022 net capital loss (from your 2022 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 2023 taxable capital gains (from line 12700 of your 2023 return)
$ Blank space for dollar value
Line 4
5. Enter the amount from line 3 or 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 2023. Enter on line 6 the amount of losses you want to claim and enter this amount on line 25300 of your 2023 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
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