Because they expire after 20 years, non-capital losses should always be deducted prior to deducting net capital losses which have an unlimited carry forward period.

Question

Quizplus · Accepted Answer

Non-capital losses do expire after 20 years, but the strategy to use them before net capital losses depends on individual circumstances, including future income expectations and tax rates, not a fixed rule.

Because They Expire After 20 Years, Non-Capital Losses Should Always