Limited Partnership Loss

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The portion of a limited partner's share of the partnership's loss from a business (other than a farming business), property loss or issue expenses related to Québec resources (boxes 1, 3 and 65 of the RL-15 slip) that, because of the partner's at-risk amount, cannot be deducted.


The amount of this loss may, however, be deducted from the partner's taxable income for a subsequent year, up to the amount by which the partner's at-risk amount at the end of the partnership's fiscal period ending in the particular year exceeds the aggregate of the following amounts for the fiscal period:

  • the partner's share of the federal investment tax credit;
  • the partner's share of the partnership's business losses or property losses; and
  • the partner's share of the Canadian and foreign exploration or development expenses.

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