Line 331 - Non-capital losses of previous tax years
Line 331 - Non-capital losses of previous tax years
On line 331, enter any non-capital losses carried forward from previous years to reduce taxable income from line 130 of Schedule 4.
On line 330 of Schedule 3, enter the amount of current-year non-capital losses, and on line 335, enter the non-capital losses from previous years to be used to reduce dividends subject to Part IV tax.
The total of those two amounts has to be entered as an applied amount on line 135 of Schedule 4. For details, see "How to complete Schedule 4, Part 1 - Non-capital losses" on page 67.
References
Paragraphs 111(1)(a), 186(1)(c), and 186(1)(d)
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