Step 5 Did you make a capital loss?
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If the capital proceeds are less than the reduced cost base, the difference is your capital loss.
Example 5: Capital loss
If Fred had sold his shares for $4,000 instead of $6,000, he would have a capital loss of $1,125 (that is, his reduced cost base of $5,125 less his capital proceeds of $4,000).
Last modified: 06 Oct 2009QC 27788