Chart 5 - Applying net capital losses of other years to 2019 (for taxpayers with a pre-1986 capital loss balance)

Note

The CRA offers a printer-friendly version of this chart that is identical to the one in the PDF version of the Capital Gains guide.

Use this chart to apply your net capital losses of other years to 2019 and to calculate your balance of unapplied losses you can carry forward to a future year.

When you complete this chart, replace "IR" with your inclusion rate for 2000. This rate is from line 16 in Part 4 of Schedule 3 for 2000, or from your notice of assessment or latest notice of reassessment for 2000.

Step 1 - Pre-1986 capital loss balance available for 2019
Complete this step only if you have a balance of unapplied net capital losses from before May 23, 1985. Otherwise, enter "0" on line 3 and go to Step 2.

1. Balance of unapplied net capital losses you had before May 23, 1985

$ Blank space for dollar value
Line 1

2. Capital gains deductions you claimed:

Before 1988

$ Blank space for dollar value

In 1988 and 1989

$ Blank space for dollar value
× 3/4 =

+ Blank space for dollar value

From 1990 to 1999

$ Blank space for dollar value
× 2/3 =
+ Blank space for dollar value

In 2000

$ Blank space for dollar value
× [1÷(2×IR)] =
+ Blank space for dollar value

From 2001 to 2018

+ Blank space for dollar value

Total capital gains deductions after adjustment

= $ Blank space for dollar value
− $ Blank space for dollar value
Line 2

3. Pre-1986 capital loss balance available for 2019 (line 1 minus line 2)

= $ Blank space for dollar value
Line 3

Step 2 - Applying net capital losses of other years to 2019
Complete lines A to C of the chart in Step 3 before proceeding.

4. Total unapplied adjusted net capital losses of other years (total from line C in Step 3)

$ Blank space for dollar value
Line 4

5. Taxable capital gains from line 12700 of your 2019 income tax and benefit return

$ Blank space for dollar value
Line 5

6. Enter the amount from line 4 or line 5, whichever is less

$ Blank space for dollar value
Line 6

7. You can apply all, or part, of the amount on line 6 against your taxable capital gains in 2019. Enter on line 7 the amount of losses you want to claim

− $ Blank space for dollar value
Line 7

If you did not complete Step 1, enter the amount from line 7 on line 25300 of your 2019 income tax and benefit return. This is your deduction in 2019 for net capital losses of other years. Do not complete lines 8 to 15 and enter this same amount on line 16 in Step 3. However, complete lines D to G in Step 3 of this table to calculate the net capital losses available to carry forward to future years.

If you completed Step 1, complete lines 8 to 16 and lines D to G in Step 3 of this table to calculate the net capital losses available to carry forward to future years.

8. Balance of unapplied adjusted net capital losses of other years not used to reduce taxable capital gains (line 4 minus line 7)

= $ Blank space for dollar value
Line 8

9. Amount from line 8

$ Blank space for dollar value
Line 9

10. Amount from line 3

$ Blank space for dollar value
Line 10

11. Pre-1986 deductible amount

$ 2000
Line 11

12. Line 9, 10, or 11, whichever is less

+ $Blank space for dollar value
Line 12

13. Deduction in 2019 for net capital losses of other years (line 7 plus line 12).

= $ Blank space for dollar value
Line 13

Enter the amount from line 13 on line 25300 of your 2019 income tax and benefit return and complete the rest of the chart to determine your balance of unapplied net capital losses available to carry forward.

Step 3 - Calculating your balance of unapplied net capital losses of other years available to carry forward

14. Amount from line 7

$ Blank space for dollar value
Line 14

15. Amount from line 12

+ $Blank space for dollar value
Line 15

16. Total adjusted net capital losses of other years applied in 2019 (line 14 plus line 15)

= $ Blank space for dollar value
Line 16

When you complete this table, replace "IR" with your inclusion rate for 2000. This rate is from line 16 in Part 4 of Schedule 3 for 2000, or from your notice of assessment or latest notice of reassessment for 2000.

 
  Before May 23, 1985 After May 22, 1985, and before 1988 In 1988 and 1989 After 1989 and before 2000 In 2000 After 2000 and before 2019 Total
A Amount of your unapplied net capital losses space for content space for content space for content space for content space for content space for content not applicable
B Adjustment factor 1 1 3/4 2/3 1 ÷ (2 × IR) 1 not applicable
C (Line A × line B) space for content space for content space for content space for content space for content space for content space for content
D Total adjusted net capital losses applied against taxable capital gains in 2019 (the total must equal the amount on line 16) space for content space for content space for content space for content space for content space for content space for content
E (Line C − line D) space for content space for content space for content space for content space for content space for content *
F Adjustment factor 1 1 4/3 3/2 2 × IR 1 not applicable
G Net capital losses available to carry forward to future years
(Line E x line F)
space for content space for content space for content space for content space for content space for content not applicable

* The total for line E should be equal to the amount shown on your notice of assessment or reassessment for net capital losses of other years available for 2020.

Example of a completed Chart 5

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