Question

Investco Inc. has the following information for its year ended December 31, 2017. Capital gains on the sale of capital assets: $222,000. Capital losses on the sale of public shares: $168,000. Allowable business investment loss (ABIL): $10,500. Dividends from taxable Canadian corporations: $96,000. Canadian-source interest income: $54,400. Business loss: $546,000. The company has a net capital loss of $38,000 from 2015 available for carryforward and would like to deduct this loss to the extent possible in 2017. What is the non-capital loss carryover balance at the end of 2017?

          Investco Inc. has the following information for its year ended December 31, 2017. Capital gains on the sale of capital assets: $222,000. Capital losses on the sale of public shares: $168,000. Allowable business investment loss (ABIL): $10,500. Dividends from taxable Canadian corporations: $96,000. Canadian-source interest income: $54,400. Business loss: $546,000. The company has a net capital loss of $38,000 from 2015 available for carryforward and would like to deduct this loss to the extent possible in 2017. What is the non-capital loss carryover balance at the end of 2017?

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