Re: capital losses
in response to
by
posted on
Oct 20, 2008 08:16AM
Producing Mines and "state-of-the-art" Mill
I am not a tax person (he says proudly), but I looked it up on the CRA website and found this: http://www.cra-arc.gc.ca/tx/ndvdls/t... .
In my quick read of it, if you have a capital loss you can apply it against capital gains over the last 3 years, the current year, or future years.
From that, I see no money to be returned to you other than to offset capital gains you may make.
You should check yourself, with someone more knowledgeable than me, or with staff at CRA directly. They are from the government, and are very, very happy to serve you! ;)
Cheers,
Bluenoser