Remember to use your non-capital losses before they expire.
Use of losses carried-forward is optional. Before using your non-capital losses carried-forward, consider whether you will get a bigger tax refund by carrying them forward to a future year. This is the case if your income is low this year and you expect it to be higher in a future year.
If you have both capital gains in the current year and net capital losses carried-forward, it may be better to use net capital losses carried-forward before your non-capital losses carried-forward. This is because non-capital losses carried forward can be used against any source of income, while net capital losses can only used against capital gains. Remember the effects of utilizing capital losses on previous capital gains exemption claims you have made.
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