T936 - fill out and auto calculate/complete form online

Canada Revenue
Agency

Agence du revenu
du Canada

Protected B when completed

Calculation of Cumulative Net Investment Loss (CNIL) to December 31, 2024

Use this form if you had any investment income or investment expenses for 2024.

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 2024, you should still complete this form if you had any investment
income or expenses in 2024.

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

Note: If, in 2024, 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 page 4 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 2024 return

Carrying charges and interest expenses (line 22100)

Net rental losses (line 12600)

Limited or non-active partnership losses (line 12200) other than allowable capital losses

Limited partnership losses of other years after 1985 (line 25100)

50% of exploration and development expenses (line 22400)

Any other investment expenses claimed in 2024 to earn property income

(see the list of Other investment expenses on the next page)

68080

Additional investment expenses: if you did not complete Chart A on page 4 of this form, enter "0".

Otherwise, enter whichever is less: line 20 in Chart A or line 25300 of your return.

Add lines 1 to 7.

Total investment expenses claimed in 2024

Part 2 – Investment income reported on your 2024 return

Investment income (lines 12000 and 12100)

Net rental income, including recaptured capital cost allowance (line 12600)

Net income from limited or non-active partnership (line 12200) other than taxable capital gains

Any other property income reported in 2024 (see the list of Other property income on the next
page) including annuity payments taxable under paragraph 56(1)(d) minus the capital portion

deducted under paragraph 60(a)

68100

50% of income from the recovery of exploration and development expenses (line 13000)

68110

Additional investment income: if you did not complete Chart A on page 4 of this form, enter "0".

Otherwise, enter line 20 in Chart A.

Add lines 8 to 13.

Total investment income reported in 2024

Do not use this area

68130

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(Ce formulaire est disponible en français.)

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Other investment expenses

Include:

• repayments of inducements

• repayments of refund interest

• 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 or fishing losses claimed by a non-active partner or a limited partner

• the uncollectible portion of proceeds from dispositions of depreciable property (except timber resources, passenger vehicles
that cost more than $30,000 for vehicles acquired prior to 2022, $34,000 for vehicles acquired in 2022, $36,000 for vehicles
acquired in 2023 and $37,000 for vehicles acquired in 2024, and zero-emission passenger vehicles (ZEPV) that cost more
than $55,000 for ZEPV acquired after March 18, 2019, $59,000 for ZEPV acquired in 2022, $61,000 for ZEPV acquired in
2023 or 2024)

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 and fishing 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 AgriInvest Fund 2

• CPP or QPP 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)

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Protected B when completed

Part 3 – Cumulative net investment loss (CNIL)

Total investment expenses claimed in 2024 (line A in Part 1)

Total investment expenses claimed in previous years after 1987:
Amount from line 16 in Part 3 of Form T936 for 2023. If you did not

complete Form T936 for 2023, see note ⁽¹⁾

Cumulative investment expenses (total of lines 14 and 15)

►

Total investment income reported in 2024 (line B in Part 2)

Total investment income reported in previous years after 1987:
Amount from line 19 in Part 3 of Form T936 for 2023. If you did not

complete Form T936 for 2023, see note ⁽²⁾

Cumulative investment income (total of lines 17 and 18)

►

–

Cumulative net investment loss (CNIL)

Line 16 minus line 19 (if negative, enter "0")

to December 31, 2024

If you are claiming a capital gains deduction on your 2024 return, report the amount from line C on line 14 of Step 2
of Form T657.

(1)

To calculate your total investment expenses from previous years, complete Part 1 of Form T936 for each year from
1988 to 2023 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 2023 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.

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Protected B when completed

Chart A

Enter the amount from line 19900 of Schedule 3 (if negative, show the amount in brackets).

If the amount is "0," do not complete lines 2 to 19, and enter "0" on line 20.

Amount from line 10684 of Schedule 3

Amount from line 10686 of Schedule 3

Amount from line 10688 of Schedule 3

If you reported an amount on line 19199 of Schedule 3, enter the amount

from line 15 of Form T2017 (if negative, show in brackets).

Amount from line 10700 of Schedule 3

Amount from line 11000 of Schedule 3

Amount from line 12400 of Schedule 3

Add lines 2 to 8 (if negative, show in brackets).

If you reported an amount on line 19200 of Schedule 3, enter the total of

lines 30 and 33 of Form T2017.

–

Line 9 minus line 10 (if negative, show in brackets)

Inclusion rate

x 50%

Line 11 multiplied by the percentage on line 12 (if negative, enter "0")

►

–

Line 1 minus line 13 (if negative, enter "0")
If the total is "0", do not complete lines 15 to 19, and enter "0" on line 20. If the total includes an

amount from a T3 slip, complete lines 15 to 19 below. Otherwise, enter "0" on line 19.

Enter the amount from box 21 of all 2024 T3 slips

68140

Enter the amount from box 30 of all 2024 T3 slips

–

Line 15 minus line 16

68150

Inclusion rate

x 50%

Line 17 multiplied by the percentage on line 18

►

–

Line 14 minus line 19 (if negative, enter "0")

Additional investment income

See the privacy notice on your return.

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