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mias-bekker
April 28, 2022
Question

What is a restricted farm loss - should i select this option on year 1's losses?

  • April 28, 2022
  • 1 reply
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    1 reply

    TurboTaxSusan
    TurboTaxSusan
    April 30, 2022

    If your main source of income is not from farming or from a combination of farming and some other type of income, you can only claim a restricted farm loss. This Canada Revenue Agency (CRA) page has more information: What is a restricted farm loss?

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