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

    Attention

    Warning:

    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