Personal Finance

Tax return, what is it? --- CNIL (cumulative net investment loss) balance

  • Last Updated:
  • Mar 3rd, 2011 8:49 pm
Deal Addict
User avatar
Apr 10, 2010
1327 posts

Tax return, what is it? --- CNIL (cumulative net investment loss) balance

I use UFile to do my tax return, and there is this item "T936 - CNIL (cumulative net investment loss) balance" under the section "Interest/Investment income". There are two entries in this form, Total federal CNIL expenses at the end of 2009, and Total federal CNIL income at the end of 2009. UFile automatically put my total capital gain and interests from previous years into the second entry on this form. I don't understand. Do I have to keep track of my total capital gains and interests from previous years and report it on this form? What's the purpose of this form? I've read on the CRA website but couldn't get a clear understanding.
3 replies
Deal Addict
User avatar
Jan 27, 2007
4925 posts
If your investment carrying charges are greater than your investment income, it can reduce your lifetime capital gains exemption. Pretty advanced taxation topic and I haven't done it justice.

The warning message you are getting can just be ignored.
Deal Fanatic
May 31, 2007
5000 posts
Ya I got that too. I didn't know it can lose value over time.