Losses

Investing in real estate in Toronto offers lucrative opportunities for individuals seeking to build wealth and diversify their investment portfolios. However, navigating the tax implications of real estate investment requires careful planning and strategic decision-making. In this blog post, we’ll explore tax planning strategies tailored...

Notice of Determination of Losses (Loss Determination) Losses - Carryforward and Carryback A taxpayer may not make a profit in any particular tax year but incur losses instead. As an extreme example, many well-known tech companies have never realized a profit. Snapchat lost $1.3 billion in 2018....