So I have the same situation. I don't have unregistered investments, but do have an investment property. A CNIL balance showed up but I wasn't sure exactly what it meant. Now I see that it can be used to reduce a capital gain on the sale of an investment property. It's still not clear how the software generated that CNIL total. For me, it's a positive number in ufile, but since it's a CNI "Loss" does that mean it's really a negative and will REDUCE my capital gains if I apply it? Over the years the income has exceeded the expenses on my investment properties, so there shouldn't be a cumulative loss. I'm not sure how the software generated this number, and I don't trust it to be correct. I looked at my CRA "my account" and don't see the CNIL listed there. Any insights?
CNIL Where does the automatically generated number come from?
in 2020
Posted
So I have the same situation. I don't have unregistered investments, but do have an investment property. A CNIL balance showed up but I wasn't sure exactly what it meant. Now I see that it can be used to reduce a capital gain on the sale of an investment property. It's still not clear how the software generated that CNIL total. For me, it's a positive number in ufile, but since it's a CNI "Loss" does that mean it's really a negative and will REDUCE my capital gains if I apply it? Over the years the income has exceeded the expenses on my investment properties, so there shouldn't be a cumulative loss. I'm not sure how the software generated this number, and I don't trust it to be correct. I looked at my CRA "my account" and don't see the CNIL listed there. Any insights?