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Glossary -> Allowable business investment loss

Allowable Business Investment Loss (ABIL)

An allowable business investment loss (ABIL):

	is 50% of a business investment loss
	is treated differently from allowable capital losses in that it can be used to reduce all sources of income
	can be carried back or carried forward as a non-capital loss. See the glossary item non-capital loss for carry-back and carry-forward periods.
	if unused after 10 years can then be treated as a net capital loss and carried forward indefinitely to be deducted against taxable capital gains

For further information see Business investment loss on the Small Business page.

Revised: March 06, 2012

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