• Step 9

    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

    Your net capital losses to be carried forward are any unapplied current year net capital loss from step 6 and any unapplied prior year net capital losses from step 8. You can offset these losses against capital gains in future years. Write this amount at R item 14 on your tax return. You will need to keep a separate record of unapplied net capital losses from collectables because these can only be used to reduce capital gains from collectables.

    Last modified: 18 Sep 2009QC 18323