Jump to content
Français
Brit247

How to enter a non-capital loss that has been carried forward (Line 252)

Recommended Posts

I have a non-capital loss that I have from a few years back that I can finally use. This would be recorded on line 252 in the Taxable Income section on a T1 General. I can't find any place to enter this in the Ufile interview section of the program. Does anyone know how to enter this?

Share this post


Link to post
Share on other sites

Proceed as follows to enter your non-capital loss from previous years:

1) in the Interview setup page, locate Other topics 

 - click Losses of prior years, carrybacks

 - click Next

2) in the Left menu, locate Losses of prior years and carrybacks

 - click it

 - click on the + to the right of Non capital losses of other years

3) enter your non-capital loss in the relevant year

 

Should you want to limit the losses to be used

enter the amount in Limit to non-capital losses to be applied this year.

 

Non capital loss CF (Federal) schedule will be present in your Tax Return tab.

 

UFile will carry-forward any unused loss to the following year.

Share this post


Link to post
Share on other sites

I have been using UFile for several years, and I have done as indicated in the answer above. However, I don't understand how to actually apply the loss against net income in any given year. The answer above implies that UFile will automatically apply the loss against any net income and then carry forward any unused loss to the following year. I have had net income for the last three years yet non-capital losses from 2010 and 2013 keep getting carried forward in their entirety. Is there an option I am supposed to choose to apply it to a current year?

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...

© 2013 ImpôtExpert, Thomson Reuters. Tous droits réservés. Politique de confidentialité
×
×
  • Create New...