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* Net Capital Losses are converted from the prior-year inclusion rate to your 2024 inclusion rate (50%) before they can be applied against current year capital gains. The Closing Balance is the remaining amount converted back to the prior-year inclusion rate. |
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Inclusion rates for: |
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Before 1988 |
50.0000 |
% |
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1988 to 1989 |
66.6666 |
% |
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1990 to 1999 |
75.0000 |
% |
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2000* |
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% |
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2001 to 2023 |
50.0000 |
% |
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2024 loss for carry forward (T1A) |
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Balance end of year |
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Additional pre-1986 capital loss balance available for 2024 |
Balance of unapplied net capital losses you had before May 23, 1985 |
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(1) |
Capital gains deductions you claimed |
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Before 1988 |
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(2) |
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In 1988 and 1989 |
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x 3/4 = |
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(3) |
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In 1990 through 1999 |
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x 2/3 = |
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(4) |
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In 2000 |
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x |
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= |
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(5) |
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In 2001 to 2023 |
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(6) |
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Total capital gains deductions after adjustment |
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(7) |
Line (1) minus line (7) Pre-1986 capital loss balance available for 2024 |
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(8) |
Balance of unapplied adjusted net capital losses of other years not used to reduce taxable capital gains |
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(9) |
Pre-1986 deduction amount |
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(10) |
Line (8), (9), or(10), whichever is less |
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(11) |
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2024 capital gains not reduced by prior-year losses |
- |
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(12) |
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Available pre-1986 net capital loss that can be applied against other income in 2024 |
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(13) |
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*Note: This inclusion rate(IR) was determined on line 16 in Part 4 or Schedule 3 for 2000. |
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