Protected B when completed
 
  Calculation of Cumulative Net Investment Loss (CNIL) to December 31, 2023 T936

Use this form if you had any investment income or investment expenses for 2023.

Your CNIL reduces the amount of your cumulative gains limit for the year and may affect the allowable amount of your capital gains deduction.

Even if you are not claiming a capital gains deduction in 2023, you should still complete this form if you had any investment income or expenses in 2023.

Because the balance in your CNIL account represents a cumulative total, you may need this information in a future year. Keep a copy for your records and attach another copy to your return.

For more information, call 1-800-959-8281.

Note
If, in 2023, you have capital gains other than from the disposition of qualified farm or fishing property, or qualified small business corporation shares, first complete Chart A on the last page of this form to determine if you have additional investment income to include when you calculate your CNIL.


Part 1 - Investment expenses claimed on your 2023 return
                 
Carrying charges and interest expenses (line 22100)  1 
Net rental losses (line 12600) +  2 
Limited or non-active partnership losses (line 12200) other than allowable capital losses +  3 
Limited partnership losses of other years after 1985 (line 25100) +  4 
50% of exploration and development expenses (line 22400) +  5 
Any other investment expenses claimed in 2023 to earn property income
(see the list of other investment expenses on this form)		  68080 +  6 
Additional investment expenses: if you did not complete Chart A on the last page of this form, enter "0". Otherwise, enter whichever is less: the amount from line 14 in Chart A or from line 25300 of your return. +  7 
Add lines 1 to 7 Total investment expenses claimed in 2023 =  A 
 

Part 2 - Investment income reported on your 2023 return
                 
Investment income (lines 12000 and 12100)  8 
Net rental income, including recaptured capital cost allowance (line 12600) +  9 
Net income from limited or non-active partnership (line 12200) other than taxable capital gains +  10 
Any other property income reported in 2023 (see the list of other property income below), including annuity payments taxable under paragraph 56(1)(d) minus the capital portion deducted under paragraph 60(a)  68100 +  11 
50% of income from the recovery of exploration and development expenses (line 13000)  68110 +  12 
Additional investment income: if you did not complete Chart A on the last page of this form, enter "0". Otherwise, enter the amount from line 14 in Chart A. +  13 
Add lines 8 to 13 Total investment income reported in 2023 =  B 
 
 
Do not use this area
68130
 
2
  Protected B when completed
Other investment expenses
     
Include:
 
  • repayments of inducements
  • repayments of refund interest
  • the uncollectible portion of proceeds from dispositions of depreciable property except passenger vehicles that cost more than $30,000 for vehicles acquired prior to 2022, $34,000 for vehicles acquired in 2022 and $36,000 for 2023 and later years that were not, at any time, designated immediate expensing property
  • sale of agreement for sale or mortgage or hypothecary claim included in proceeds of disposition in a previous year under subsection 20(5)
  • foreign non-business tax under subsections 20(11) and 20(12)
  • life insurance premiums deducted from property income
  • capital cost allowance claimed on certified films and videotapes
  • farming losses claimed by a non-active partner or a limited partner
Do not include:
 
  • expenses incurred to earn business income
  • repayment of shareholders' loans deducted under paragraph 20(1)(j)
  • interest paid on money borrowed to:
    • buy an income-averaging annuity contract
    • pay a premium under a registered retirement savings plan
    • make a contribution to a registered pension plan
    • make a contribution to a deferred profit-sharing plan
 

Other property income
     
Include:
 
  • amounts from insurance proceeds for the recapture of capital cost allowance
    (other than amounts already included on line 9)
  • home insulation or energy conversion grants under paragraph 12(1)(u)
  • payments received as an inducement or reimbursement
  • income from the appropriation of property to a shareholder
  • farming income reported by a non-active or a limited partner
  • other income from a trust
  • allowable capital losses included in partnership losses of other years after 1985
  • amounts withdrawn from Net Income Stabilization Account (NISA) Fund 2
  • CPP death benefit payments reported on your T1 return
Do not include:
 
  • income amounts that relate to business income
  • payments received from an income-averaging annuity contract
  • payments received from an annuity contract bought under a deferred profit-sharing plan
  • shareholders' loans included in income under subsection 15(2)
 
 
3
  Protected B when completed
Part 3 - Cumulative net investment loss (CNIL)
                     
Total investment expenses claimed in 2023 (from line A in Part 1)  14 
 
Total investment expenses claimed in previous years (after 1987):
Enter the amount from line 16 in Part 3 of Form T936 for 2022. If you did not complete Form T936 for 2022, see note 1 below.		 +  15 
Cumulative investment expenses (total of lines 14 and 15) =    16 
Total investment income reported in 2023 (from line B in Part 2)  17 
 
Total investment income reported in previous years (after 1987):
Enter the amount from line 19 in Part 3 of Form T936 for 2022. If you did not complete Form T936 for 2022, see note 2 below.		 +  18 
Cumulative investment income (total of lines 17 and 18) =   -  19 
 
Line 16 minus line 19
(if negative, enter "0")		 Cumulative net investment loss (CNIL) to December 31, 2023 =  C 
If you are claiming a capital gains deduction on your 2023 return, enter the amount from line C on line 28 of Form T657 for 2023.
 
Notes
1. To calculate your total investment expenses from previous years, complete Part 1 of Form T936 for each year from 1988 to 2022 in which you had investment expenses (do not complete line 7 for 1988 to 1991). Add the amounts from line A and enter the total on line 15 above.
2. To calculate your total investment income from previous years, complete Part 2 of Form T936 for each year from 1988 to 2022 in which you had investment income (do not complete line 13 for 1988 to 1991). Add the amounts from line B and enter the total on line 18 above.
 

Chart A
               
Enter the amount from line 19900 of Schedule 3 (if negative, show it in brackets)
If the amount on this line is zero, do not complete lines 2 to 13, and enter "0" on line 14.		  1 
 
Amount from line 10700 of Schedule 3  2 
Amount from line 11000 of Schedule 3 +  3 
Amount from line 12400 of Schedule 3 +  4 
Add lines 2 to line 4 (if negative, show it in brackets) =  5 
If you reported an amount on line 19200 of Schedule 3, enter the amount from line 12 of your Form T2017. Otherwise, enter the amount from line 5 on line 7. +  6 
Line 5 plus line 6 (if negative, enter "0") =  7 
Enter half of the amount from line 7 -  8 
 
Line 1 minus line 8 (if negative, enter "0"). If the amount on this line is zero, do not complete lines 10 to 13, and enter "0" on line 14. If the amount on this line includes an amount from a T3 slip, complete lines 10 to 12 below. Otherwise, enter "0" on line 13. =  9 
 
Enter the amount from box 21 of all 2023 T3 slips  68140  10 
Enter the amount from box 30 of all 2023 T3 slips -  11 
Line 10 minus line 11  68150 =  12 
Enter half of the amount from line 12 -  13 
Additional investment income (line 9 minus line 13; if negative, enter "0") =  14