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Mike999

Net Capital Losses Applied - Question

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Does UFile automatically calculate the IDEAL amount of Net Capital Losses applied from other years, to decrease my Balance Owing?   

Or, should I have played around with the amount applied (Limit to the amount applied) to see what the impact is on my Balance Owing? 

 

Note: I have a feeling that by entering nothing in the box provided - I essentially told the system to use the entire amount, which may not have been the IDEAL minimum amount. 

Do you know if CRA will catch that mistake, or will I likely have to correct that when I get my assessment?

 

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