u/Doffam

CRA Capital Loss Carry back

Hey guys, just wondering if anyone has been through something similar.

I had capital gains from crypto in 2024 and ended up owing taxes, which I’m still paying off through installments.

In 2025 I had capital losses, so when my accountant filed my 2025 return he also submitted a T1A to carry the losses back to 2024 and offset the gains from that year.

My 2025 NOA came out about 2 months ago, but my 2024 return is still showing “reassessment in process.” Based on my calculations, once the losses are applied my 2024 balance owing should drop quite a bit.

For anyone who’s done a capital loss carryback before, how long did the reassessment take? Is 2+ months normal?

Thanks!

reddit.com

u/Doffam — 1 day ago

▲ 2 r/HomeMaintenance

Help!

Hello! I noticed this sound coming from our furnace and our AC is on. The ac seems to be running fine but it’s making this sound any idea what it could be? This furnace was replaced 1.5 years ago. Any tips would be greatly appreciated. One thing I can say is when the heat is on this is never the case.

u/Doffam — 2 months ago