Net capital losses

What is a net capital loss?
Generally, when allowable capital losses are more than taxable capital gains, the difference is a net capital loss. An allowable capital loss is one-half of a capital loss. Generally, a taxable capital gain is one-half of a capital gain. The rate used to determine the taxable part of a capital gain and the allowable part of a capital loss is called an inclusion rate.

Forms and publications

• Guide T4011, Preparing Returns for Deceased Persons
• Guide T4037, Capital gains