Can I apply my business losses to my capital gains?

Allan Madan, CA

Oct 11, 2012

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Losses carried forward from business income cannot be applied to capital gains as business losses are classified as non-capital losses. Capital losses are classified as net-capital losses and can only be applied to capital gains.

Disclaimer

The information provided on this page is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided on this page.

ABOUT THE AUTHOR

ALLAN MADAN

CA.CPA.CGA

Allan Madan is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Allan provides valuable tax planning, accounting and income tax preparation services in the Greater Toronto Area.

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