The Canada Revenue Agency headquarters in Ottawa. Photo by BRUNSWICK NEWS ARCHIVES

Q. My mother passed away two years ago and her assets are in a graduated rate estate (GRE). My father has been deceased for 10 years now. We have probated her assets (four real estate properties), sold two of the properties and paid full capital gains tax owing for the entire estate. We have now sold a third property (small hobby farm) and the sale price was less than what the property was probated at. The fourth property is a family cottage and will be sold next year. There are no other assets besides the real estate in the GRE. The tax return for the GRE shows a total taxable capital loss for this year of $75,000 and that’s at an inclusion rate of 50 per cent. Can these losses be carried forward for

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