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Print this pageForward this document  Carrybacks (T3A)

Loss-CB

Use the keyword Loss-CB to indicate the type of loss to be carried back.

The following options are applicable for the keyword Loss-CB.

  • 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.

  See the CRA's general income tax guide:
Line 52 - Capital gains refund

Secondary keywordAmount.cb  ALT-J 

Use the keyword Amount.cb to enter the amount of the loss to be carried back and the year to which the loss carried back should be applied.

The following options are applicable for the keyword Amount.cb.

  • 1st prior year

  • 2nd prior year

  • 3rd prior year
Use [Alt-J] to enter different values for other jurisdictions.

Secondary keywordTax-Balance

Use the keyword Tax-Balance to indicate whether the trust has a balance of unpaid tax from a prior taxation year.

The following options are applicable for the keyword Tax-Balance.

  • Yes

  • No

Secondary keywordT3-Adj-Filed

Use the keyword T3-Adj-Filed to indicate whether the Form T3-ADJ has been filed to include a subsection 104(13.1) or (13.2) designation for a prior year such that the loss that is being requested to be carried back will offset the income inclusion for that year.