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09Mar

/ taxlaw

How to use ‘loss carryovers’ to reduce your taxable Canadian income

Loss carryovers are an important tool that taxpayers can utilize to reduce their taxable income. When taxpayer incurs a loss, they can use the loss to offset income that would otherwise be taxable. The timing and nature of the loss will affect if and how the taxpayer can utilize...

Income Tax Planning

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How to use ‘loss carryovers’ to reduce your taxable Canadian income