Lines 21699 and 21700 – Business investment loss
If you had a business investment loss in 2022, you may be able to deduct half of the loss from income. The amount of
the loss you can deduct from your income is called your allowable business investment loss (ABIL).
- What is a business investment loss?
It results from the disposition of certain capital properties.
- What happens when you incur an ABIL?
Rules for applying your ABIL to other sources of income.
- Chart 6 – How to claim an ABIL
Complete this chart to determine your ABIL.
Completing your tax return
Complete Chart 6 of Guide T4037, Capital Gains to determine your ABIL and, if applicable, your business investment loss reduction. Claim the reduction for the ABIL on line 21700 of your income tax and benefit return. Enter the gross business investment loss on line 21699 of your return.
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