This is a sample of a worksheet showing how
to calculate the conversion of capital
losses to equal what CRA reports
Use this spreadsheet to check and compare to your
tax software.
Spreadsheet converts CRA capital losses report to
100%.
Compare what CRA says on your Notice of
Assessment to your calculations year by year to your
tax return calculations.
After payment you will be emailed a link to
download this file in Adobe Reader PDF
format.
CRA takes your numbers times the effective
rate that year to provide you with a number that
is a mixed bag.
This spreadsheet will:
Convert CRA's figures to 100%
Confirm total losses on Notice of Assessment
agree to your calculation
Where do you find your carryforward
information?
Sign up for "My Account" on the CRA website home
page
Access "My Account" to find the figures CRA posts
for your net capital loss carry forwards by year
CRA provides the loss each year at the % used for
that year but doesn't show their work.
CRA calculates and provides the equivalent of those
losses at today's 50% rate on your Notice of
Assessment each year as one number. It's up to the
taxpayer to proof the numbers.
Use this spreadsheet at your own risk to create your
own spreadsheet to proof CRA's figures
Disclaimer:
Eileen Reppenhagen CGA does
not research or endorse any
product or service appearing in ads
posted on this site.
Please
do NOT rely on or use the
information on this website as a
basis for a course of action without
obtaining appropriate professional
advice
.
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