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                 ,9DEX
    
                              ,BRL PAGES
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  ,LEGISLATIVE & ,O!R ,*ANGES """""" #EF



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,CANADA ,CU/OMS                       #A
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--------------------------------------#D
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             ,,IT-#BFB;,R#B          A#D
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             ,,IT-#BFB;,R#B          B#D
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                                     #BJ
             ,,IT-#BFB;,R#B          C#D
  ,LOSS F ! F>M+ BUSI;S
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  ,H["E1 %E IS ALL[$ 6DEDUCT ONLY
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  9ITIAL CALCUL,N ( H] NON-CAPITAL LOSS
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                                     #BA
             ,,IT-#BFB;,R#B          D#D
  ,TOTAL LOSSES AVAILA# =
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             ,,IT-#BFB;,R#B          E#D
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             ,,IT-#BFB;,R#B          F#D
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                                     #BD
             ,,IT-#BFB;,R#B           #E
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             ,,IT-#BFB;,R#B          C#E
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             ,,IT-#BFB;,R#B          D#E
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    --LOSSES F ! DUTIES ( AN (FICE OR
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                                     #BI
             ,,IT-#BFB;,R#B          E#E
,EXAMPLE
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  ABV7 PREV5TS H] F 9CLUD+ EI ( ^?
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                                     #CJ
          ,APPLIC,N ( ,LOSSES        F#E
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             ,,IT-#BFB;,R#B          A#F
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,EXAMPLE
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             ,,IT-#BFB;,R#B          B#F
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             ,,IT-#BFB;,R#B          C#F
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             ,,IT-#BFB;,R#B          D#F
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             ,,IT-#BFB;,R#B          E#F
  CAPITAL LOSS 9 A "PICUL> YE> ( LOSS
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                                     #CF
             ,,IT-#BFB;,R#B          F#F
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--------------------------------------#G
,EXAMPLE
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                                     #CG
             ,,IT-#BFB;,R#B          A#G
  4#F1JJJ MULTIPLI$ 0?REE-QU>T]S DIVID$
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  EQUALS 4#F1JJJ MULTIPLI$ 0?REE-QU>T]S
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  #AAA7#A.A77A77;II71 I4E41 ! AM.T   #CH
             ,,IT-#BFB;,R#B          B#G
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    ,PLUS
  
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             ,,IT-#BFB;,R#B          C#G
  NET CAPITAL LOSS1 Z ADJU/$ 0!
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             ,,IT-#BFB;,R#B          D#G
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             ,,IT-#BFB;,R#B          E#G
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,EXAMPLE
  ,ONCE AG 3T9U+ ON )! ABV EXAMPLE1
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             ,,IT-#BFB;,R#B          F#G
  ,CANADIAN PROP]TY 9 #AIHE 7R ?AN
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  7REMEMB] T1 AL? HE ACTU,Y APPLIES
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  4#F1JJJ NET CAPITAL LOSS = #AIHE 3SI/S
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                                     #DC
             ,,IT-#BFB;,R#B           #H
 """"""""""""""""""""" ,AM.T "" ,AM.T
 """""""""""""""""""" ,APPLI$  ,DEDUCT$
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  9 O!R YE>S """""""" 4#A1JJJ
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                                     #DD
             ,,IT-#BFB;,R#B          A#H
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             ,,IT-#BFB;,R#B          B#H
    ?\< X 7 A :OLE TAX,N YE> =! PURPOSE
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             ,,IT-#BFB;,R#B          C#H
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             ,,IT-#BFB;,R#B          D#H
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                                     #DH
             ,,IT-#BFB;,R#B          E#H
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  6#F1 #I & #AJ ABV
--------------------------------------#I
  G5],Y APPLY = PURPOSES ( DET]M9+ !
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             ,,IT-#BFB;,R#B          A#I
  C>RI$-OV] LOSSES ( O!R YE>S :5
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  ,AL NOTE T AN UNUS$ LOSS F ! P>AGRAPH
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             ,,IT-#BFB;,R#B          B#I
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             ,,IT-#BFB;,R#B          C#I
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             ,,IT-#BFB;,R#B         C#AJ
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                                     #EH
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