  Cumulative net investment loss |
Use CNIL-Exp-CF to enter the amount of federal cumulative net investment loss (CNIL) expenses accumulated to the end of the last taxation year.
The CNIL information appears in a group and is required for the calculation of schedule 4 in the current year.
DT Max will automatically produce schedule 4 when either CNIL-Exp-CF or CNIL-Inc-CF is used in the client's data.
Note that this amount may affect your client's available capital gain deduction.
This entry is only required for new client files. For existing clients, amounts from prior years are carried forward by DT Max.
Use CNIL-Inc-CF to enter the amount of federal cumulative net investment loss (CNIL) income accumulated to the end of the last taxation year.
The CNIL information appears in a group and is required for the calculation of schedule 4 in the current year.
DT Max will automatically produce schedule 4 when either CNIL-Exp-CF or CNIL-Inc-CF is used in the client's data.
Note that this amount may affect your client's available capital gain deduction.
This entry is only required for new client files. For existing clients, amounts from prior years are carried forward by DT Max.
Use CNIL-Quebec to enter the CNIL balance for Quebec purposes accumulated to the end of the previous tax year. In theory, this should be equal to the federal CNIL-Exp-CF less CNIL-Inc-CF.
This amount may affect your client's available capital gain deduction. Where the CNIL income exceeds expenses this amount should be entered as negative, using the minus sign before the amount.
This entry is only required for new client files. Amounts from previous years are carried forward automatically by DT Max.
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CNIL-Inc-CF