CNIL balance
Why does the program notify me of a CNIL (Cumulative Net
Investment Loss) when I have no investment income?
You probably had in the past some investment expenses, interest
income, investment income or you claimed a capital cost
allowance.
The program carries the CNIL balance forward year after year,
even if in this tax year you have no investment income or
interest.
The CNIL balance can reduce your lifetime earnings cap for the
year and may change the amount eligible for your capital gains
deduction.
We suggest you consult the following link for more
information:
https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-254-capital-gains-deduction.html
ID: 20191217164628IB.xml
Webpage: KPA330-20191217164628IB.htm