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Also meaning that I carry over $58,000 losses to next year...

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Munny-T-Burn

334 Posts.

01/07/18

11:47

Post #: 34064526
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Originally posted by Munny-T-Burn ↑

If I have no other income other than share trading can I do the following:
Example only:
This year Capital gain = $60,000
Capital losses from previous years = $100,000
Apply $42,000 of losses to get a Capital gain of $18,000 (below tax free threshold)
= NO TAX PAYABLE

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Also meaning that I carry over $58,000 losses to next year
??????????????
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