Capital loss on TP-1 after moving to Quebec

Tax Topics
1

Dear fellow tax professionals,

I do not deal with Quebec taxes a lot, and I know Quebec has its own rules on some things…

The question is with respect to capital loss carry forward after a client moved to Quebec.

Could a taxpayer claim capital losses incurred in a different province on the taxpayer’s TP-1 in the year they moved to Quebec? Any special rules around that? I am not aware of any restrictions, but I wanted to get some more comfort on that :stuck_out_tongue:

Thanks a lot in advance!

Dee

2

Harmonization between Canada and Quebec allows to carry forward to Quebec most amounts to the Quebec return. Example RRSP limits, capital losses, donations etc.

3

awesome, thank you for confirming!!