  Non capital loss carryforwards |
Use the keyword NonCapLossCF to enter non-capital loss carryforwards available for use in the current tax year.
This entry is only required for new client files. Amounts from previous years are carried forward by DT Max.
The following options are applicable for the keyword NonCapLossCF.
Non capital losses Ordinary non capital losses to be carried forward for 7 years. The loss carry-forward period for non-capital losses arising in tax years ending after March 22, 2004, and before 2006 has been extended to 10 years. Non-capital losses incurred after 2005 can be carried forward up to 20 years. You can use CARRY-BACK to carry them back up to 3 years.
Restricted farm losses Restricted farm losses to be carried forward 10 years and subject to the special rules on restricted farm losses. The loss carry-forward period for farm losses arising after 2005 can be carried forward up to 20 years. You can use CARRY-BACK to carry them back up to 3 years.
Farming losses Farming losses to be carried forward for ten years. The loss carry-forward period for farm losses arising after 2005 can be carried forward up to 20 years. You can use CARRY-BACK to carry them back up to 3 years.
Fishing losses Fishing losses to be carried forward for ten years. The loss carry-forward period for farm losses arising after 2005 can be carried forward up to 20 years. You can use CARRY-BACK to carry them back up to 3 years.
ABIL Portion of non capital loss carryforwards attributable to an allowable business investment loss (ABIL). This must be carried forward separately since, after termination of the 10 year period in which it can be used as a non capital losses, the unapplied portion is converted to a capital loss carryforward.
 See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25200 - Non-capital losses of other years
 See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Use the keyword Amount.ncc to enter the year and amount of the non-capital loss carryforward entered with NonCapLossCF .
The following options are applicable for the keyword Amount.ncc.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25200 - Non-capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Use the keyword Amt-Info.ncc to enter the portion of non-capital losses carried forward from previous years that is applied in the current year and is attributable to amounts that are subject to AMT. DT Max will add the amounts to line (f) of the T691, up to the deduction claimed on line 25200 of the federal return, and to lines 150 to 154 of the TP-776.42, up to the deduction claimed on line 289 of the Quebec income tax return.
The following options are applicable for the keyword Amt-Info.ncc.
CCA with respect to films Total of CCA with respect to films after 1985, included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
CCA with respect to MURBs Total of CCA with respect to MURBs after 1985, included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
Resource deductions All resource deductions after 1985, included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
Depletion allowances All depletion allowances after 1985, included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
Carrying charges on films, resources, etc. Carrying charges on film, resources, rental & leasing property included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
Limited partnership losses Limited partnership losses included in non capital losses to carry forward. Any amount entered here and used, up to the total of non capital losses, will appear on the AMT schedule. All changes to this amount must be entered each year.
Use [Alt-J] to enter different values for other jurisdictions.
Use the keyword Amount.ffncc to enter the year and amount of the non-capital loss carryforward entered with NonCapLossCF .
The following options are applicable for the keyword Amount.ffncc.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25200 - Non-capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
Enter the year and amount of non-capital loss carryforward.
The following options are applicable for the keyword Amount.abil.
Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25200 - Non-capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
If you wish to limit the amount of non-capital losses from previous years to be applied in the current year, use the keyword Limit.ncc to enter the appropriate amount, which will be deducted on line 25200 of the federal income tax return and on line 289 of the Quebec income tax return. Use [Alt-J] to enter different values for other jurisdictions.
See the Taxnet Pro™ T1 Line-by-Line Guide (subscription required):
Line 25200 - Non-capital losses of other years
See the CRA's general income tax guide:
Line 25300 - Net capital losses of other years
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Amount.ncc 