  Losses |
Use the keyword Loss-CF to enter all loss carryforwards of a particular type.
DT Max will calculate the amount if any of losses that can be deducted against net income for tax purposes this year.
DT Max will optimize losses applied by claiming losses available in the following order:
1. Losses that will expire this year:
i Restricted farm losses against farm income;
ii Listed personal property (LPP) losses against LPP gains;
iii ABIL
iv Non capital losses;
v Farming/Fishing losses;
2. Losses that will expire next year:
i Restricted farm losses against farm income;
ii Listed personal property (LPP) losses against LPP gains;
iii ABIL
iv Non capital losses;
v Farming/Fishing losses;
3. Remaining losses available that can be applied:
i Listed personal property (LPP) losses against LPP gains;
ii Net capital losses against taxable capital gains;
iii Restricted farm losses against farm income;
4. Remaining losses claimed (oldest first):
i ABIL
ii Non capital losses;
iii Farming/Fishing losses;
The following options are applicable for the keyword Loss-CF.
Non-capital loss Ordinary non capital losses to be carried forward for seven years. The loss carry-forward period for non-capital losses arising in tax years ending after March 22, 2004, has been extended from seven to ten years. You can use Loss-CB to carry them back up to three years.
Net capital loss Enter the allowable amount of capital property losses. These losses can be carried forward indefinitely and carried back three years against taxable capital gains.
Restricted farm loss Restricted farm losses to be carried forward ten years and subject to the special rules on restricted farm losses. You can use Loss-CB to carry them back up to three years.
Farming Farming losses to be carried forward for ten years. You can use Loss-CB to carry them back up to three years.
Fishing Fishing losses to be carried forward for ten years. You can use Loss-CB to carry them back up to three years.
Listed personal property loss This is the gross amount of capital losses to carry forward in regards to Precious or listed personal property. They can be applied only against Precious or listed personal property capital gains. Listed personal property losses can be carried forward seven years and carried back three years.
ABIL Portion of non capital loss carryforwards attributable to an allowable business investment loss. This must be carried forward separately since, after termination of the seven-year period in which it can be used as a non capital losses, it is converted to a capital loss carryforward.
 See the CRA's general income tax guide:
Line 52 - Capital gains refund
Use the keyword Amount-CF to indicate the year and the amount of the capital loss available to carry forward.
The following options are applicable for the keyword Amount-CF.
Previous year
Before May 23, 1985
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2004 (before 23/03/04)
2004 (after 22/03/04)
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2015 (before 21/04/15)
2015 (after 20/04/15)
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Amount-CF.L to enter the year and amount of the non capital loss carryforward entered with Loss-CF.
The following options are applicable for the keyword Amount-CF.L.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
12th prior year
13th prior year
14th prior year
15th prior year
16th prior year
17th prior year
18th prior year
19th prior year
20th prior year
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Amount-CF.CL to enter the year and amount of the non capital loss carryforward entered with Loss-CF.
The following options are applicable for the keyword Amount-CF.CL.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
8th prior year
9th prior year
10th prior year
11th prior year
12th prior year
13th prior year
14th prior year
15th prior year
16th prior year
17th prior year
18th prior year
19th prior year
20th prior year
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Amount-CF.lpp to indicate the year and the amount of the capital loss available to carry forward.
Losses for precious or listed personal property (LPP) can only be carried forward for seven years before they expire. DT Max will use the oldest losses first to preserve carryforwards as much as possible.
The years allow you to know the dates of reference.
The following options are applicable for the keyword Amount-CF.lpp.
1st prior year
2nd prior year
3rd prior year
4th prior year
5th prior year
6th prior year
7th prior year
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Loss-Claimed to indicate against which income the net capital loss should be applied.
If this keyword is left blank or if "Apply to net income" is chosen, the carryforward of the net capital loss from previous years will be applied against the net income. This option will not create a greater loss as the amount applied will be limited to the net income, carrying forward any unapplied amount as a net capital loss which has no expiry date.
If the option "Apply to current year capital gains" is chosen, the amount of net capital loss carried forward from prior years will be applied against the current year capital gains regardless of net income. This option will reduce the net capital loss carried forward and may create or increase the non-capital loss of the trust which will be carried forward for future years.
The following options are applicable for the keyword Loss-Claimed.
Apply to net income The amount of capital loss carried forward from prior years will be used to reduce the net income. If the trust is at a loss, no capital loss carried forward will be deducted on line 52 of the trust return.
Apply to current year capital gains The amount of capital loss carried forward from prior years will be used to reduce the current year taxable capital gains regardless of the trust's net income or loss. This option will use net capital loss carried forward to offset any current year capital gains and could create a larger non capital loss in the current year which will be carried forward. The significance of this option is apparent in light of the limitation of the deduction of net capital losses carried forward.
See the CRA's general income tax guide:
Line 52 - Capital gains refund
If you wish to limit the amount of losses from prior years to be applied in the current year, use the keyword Limit to enter the amount to be deducted. Use [Alt-J] to enter different values for other jurisdictions.
See the CRA's general income tax guide:
Line 52 - Capital gains refund
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Amount-CF 