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I-3 - Taxation Act

Section 727
Disposition versions

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727. A taxpayer may deduct, in a particular taxation year, the non-capital losses sustained by the taxpayer
(a)  in the seven taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 1983, but before 23 March 2004;
(b)  in the 10 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 22 March 2004, but before 1 January 2006;
(c)  in the 20 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 2005; and
(d)  despite paragraph c, in the seven taxation years that precede and in the three taxation years that follow the particular year, if the taxpayer is an employee life and health trust.
1972, c. 23, s. 545; 1978, c. 26, s. 127; 1985, c. 25, s. 118; 2005, c. 38, s. 91; 2006, c. 36, s. 59; 2011, c. 6, s. 151; 2022, c. 23, s. 43.
727. A taxpayer may deduct, in a particular taxation year, the non-capital losses sustained by the taxpayer
(a)  in the seven taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 1983, but before 23 March 2004;
(b)  in the 10 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 22 March 2004, but before 1 January 2006;
(c)  in the 20 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 2005; and
(d)  despite paragraph c, in the three taxation years that precede and in the three taxation years that follow the particular year, if the taxpayer is an employee life and health trust.
1972, c. 23, s. 545; 1978, c. 26, s. 127; 1985, c. 25, s. 118; 2005, c. 38, s. 91; 2006, c. 36, s. 59; 2011, c. 6, s. 151.
727. A taxpayer may deduct, in a particular taxation year, the non-capital losses sustained by the taxpayer
(a)  in the seven taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 1983, but before 23 March 2004;
(b)  in the 10 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 22 March 2004, but before 1 January 2006; and
(c)  in the 20 taxation years that precede and in the three taxation years that follow the particular year if the losses are sustained in a taxation year that ends after 31 December 2005.
1972, c. 23, s. 545; 1978, c. 26, s. 127; 1985, c. 25, s. 118; 2005, c. 38, s. 91; 2006, c. 36, s. 59.
727. A taxpayer may deduct his non-capital losses for the ten taxation years preceding and for the three taxation years following the year.
1972, c. 23, s. 545; 1978, c. 26, s. 127; 1985, c. 25, s. 118; 2005, c. 38, s. 91.
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