Questions? Call 416-367-4222

Unclaimed allowable business investment losses (ABILs) are not included in the newly enacted extended 20-year carryforward period for non-capital losses for Canadian Income Tax purposes. ABILs retain their 10-year carryforward period and become net capital losses thereafter.


"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."

Get your CRA tax issue solved

Address: Rotfleisch & Samulovitch P.C.
2822 Danforth Avenue Toronto, Ontario M4C 1M1

Tax treatment and tax help for Unclaimed Abils
CRA Tax Audit Of Loss Carryovers Exceeding $200,000
CRA Tax Audit of Loss Carryovers Exceeding $200,000
Allowable Business Investment Loss: A Canadian Tax Lawyer Analysis
Allowable Business Investment Loss: A Canadian Tax Lawyer Analysis
Losses On Investment in a small business corporation may be claimed as a business investment loss
Business Losses to Corporations
ABIL Invested Money Loss
An Allowable Business Invesment Loss
Witholding tax on Payments to Canadian Non-resident
Loss On Investment