Money lost investing in a small business corporation may be claimed as a “business investment loss”. It is like a capital loss in that only one-half is deductible however, it can be claimed against any income in the year, not just capital gains.
Disclaimer:
"This article provides information of a general nature only. It is only current at the posting date. It is not updated and it may no longer be current. It does not provide legal advice nor can it or should it be relied upon. All tax situations are specific to their facts and will differ from the situations in the articles. If you have specific legal questions you should consult a lawyer."
