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If you have unsecured debt of under $10,000 and live in the Province of Ontario filing bankruptcy may not be the best option for you. We suggest you contact the Office of the Superintendent of Bankruptcy at 416-973-6441 to discuss your options, or you can visit their website here.

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What happens to my capital losses when I am in bankruptcy

I have capital losses from trading common stock and I wish to know if my capital losses are carried over after bankruptcy?

Posted from: British Columbia

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One Response to “What happens to my capital losses when I am in bankruptcy”

Barton Goth – Goth & Company Inc. -Trustee in Bankruptcy said...

Your capital losses and any other tax credit you may have compiled expire as of the date of bankruptcy. So you will not be in a position where you can carry-forward any of these items past the pre-bankruptcy return that will be prepared by your trustee.