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March 2, 2024
Question

Can I Apply Investment (2023)T5008 losses backwards to offset my Rental Property Capital Gains from (2021)? Do I have to complete 2023 T1 before submitting T1a1

  • March 2, 2024
  • 1 reply
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Investment Losses from Mutual Funds/ Stocks disposition

    1 reply

    TurboTaxSusan
    March 2, 2024

    Yes, you can carry back you capital losses up to 3 years. 

     

    This FAQ tells you how to fill out the T1a form in TurboTax: https://turbotax.community.intuit.ca/turbotax-support/en-ca/help-article/tax-return/carry-back-net-capital-loss-stocks-bonds-mutual/L8bLjw4vR_CA_en_CA?uid=ltaga5cf