T936 - Calculation of Cumulative Net Investment Loss (CNIL) to December 31, 2023

Entering this Amount

T936 - Calculation of Cumulative Net Investment Loss (CNIL)

Enter this information in the INCOME & EXPENSES section of the Interview.

Before you enter this information, first, answer some questions in the Personal Tax Profile at the beginning of the interview.

Click Take Me There to go there now.

TurboTax automatically completes most of this form for you using information you enter on other forms and schedules. There are a few areas where you must enter information if applicable:

Part 1, Line 6: Other investment expenses claimed in 2023 to earn property income.
Part 2, Line 11: Other property income reported in 2023 minus the capital portion deducted under paragraph 60(a).

Important: The cumulative net investment loss rules are applicable only in calculating the capital gains exemption. They do not affect the tax deductibility of interest and carrying charges.

On the second What Happened for You in 2023 screen, answer Yes to the question "do you have any RRSP, PRPP, other retirement plan, Home Buyers' Plan (HBP), Lifelong Learning Plan (LLP), or LSVCC share information to enter? "
Select all the checkboxes that apply and click Continue.
You'll enter this information on the Your invenstments profile screen, in the INCOME & EXPENSES section of the interview.
On the Your Investments Profile screen, select the Capital Gains or Losses (shares, properties, etc) checkbox.
On the Your Capital Gains Profile screen, select the Calculate Cumulative Net Investment Loss (CNIL) checkbox. Your CNIL is automatically calculated based on information you've entered. However, you must still enter any investment expenses that you claimed to earn property income or any investment income reported on your 2023 return.
Continue through the interview and enter the required information.