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  • Step 2 - Working out the amount to include in assessable income



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention
    Box F

    Insert the total of any unapplied previous FIF losses. [subsection 542(2)]

    If it is not already the case, you must convert the unapplied previous FIF loss to the same currency as the gross FIF income - that is, the amount in box E. [subsection 542(8)]

    Last modified: 27 May 2005QC 17512