TaxTips.ca
The Facts on Tax
Business
-> Business losses Can I Write Off My Business Losses Against My Other
Income?
If the business is incorporated, the answer to this is no,
except for certain dispositions of shares or debt which result in a business
investment loss.
If the
business is not incorporated, the answer is yes. For further
information, see
Business investment loss
If I have a small business, do I have to file both
a personal and a business tax return?
Self-employment losses can be carried
back 3 years , and can be used to offset other income.
The browser does not support JavaScript. Please access the web page using another browser.
© 2002-
See Reproduction of information from TaxTips.ca
Privacy Policy
| Contact
Facebook
| Twitter | LinkedIn
The authors of TaxTips.ca strive, but cannot guarantee, to
provide information which is current and accurate. Individual
circumstances have a significant effect on how tax and financial information
can be used. Due to this, and to the nature of the information, it
should not be relied upon for decision making without professional advice
TaxTips.ca provides links to other web sites. We cannot guarantee the accuracy of the information provided
on linked sites.