Allowable Business Investment Loss (ABIL)

by Tax Guy - Burlington Accountant on February 11, 2010 Print This Post Print This Post

An allowable business investment loss is 50% of a business investment loss. The ABIL can be applied to all sources of income and carried forward and back as a non-capital loss.

About The Tax Guy...

Dean Paley CGA CFP is a Burlington accountant and financial planner who services individuals and business owners locally, nationally and internationally. Dean has appeared in the National Post, Toronto Star and Metro News.

To find out more, visit Dean's website Dean Paley CGA CFP or connect via Twitter @DeanPaleyCGACFP.

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