Line 25300 - Net capital losses of other years
Line 25300 - Net capital losses of other years
You can claim, within certain limits, your net capital losses from previous years that you have not already claimed.
Your available losses are shown on your 2023 notice of assessment or reassessment.
The amount of net capital losses of other years that you can claim against your 2024 taxable capital gains depends on your 2024 inclusion rate and the inclusion rate that was in effect when the loss was incurred. Also, the way you apply these losses may differ if you incurred them before May 23, 1985.
For more information, see Guide T4037, Capital Gains.
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