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  • Step 5-Did you make a capital loss?



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

    End of attention

    If the capital proceeds are less than your reduced cost base, the difference is your capital loss.


    Assume, for a moment, that Fred had sold his shares for $4,000 instead of $6,000. Fred would then have had a capital loss of $1,075 (that is, his reduced cost base of $5,075 less his capital proceeds of $4,000).

    End of example
    Last modified: 06 Oct 2009QC 16182