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What happens to Canadian capital loss carryover when moving to USA

benjibz — Tue, 10 Mar 2026 07:28:14 GMT

Hello. I am a Canadian citizen, however I am planning to immigrate to USA in Q3 of 2023.

Unfortunately, I anticipate a significant capital loss (stocks) this year. My question is if I carry this forward in my 2022 CRA tax return, how can I use it future in USA? Can I offset my capital gains in future in USA with this carry-forward capital loss in Canada ?

Thanks.

Re: What happens to Canadian capital loss carryover when moving to USA

Anonymous_ — Mon, 05 Dec 2022 14:34:20 GMT

@pk

Re: What happens to Canadian capital loss carryover when moving to USA

pk — Tue, 06 Dec 2022 21:45:01 GMT

@benjibz , on a personal return, US taxes would be computed without regard to any other taxing authority situations. Thus if you realized losses or gains in Canada during the 2022, the US return ( post becoming a tax resident in 2023 ) will count your world income for 2023 but not any earlier incomes/gains/losses or carryovers. Suggest very strongly to consult with a tax professional familiar with US taxes and Canadian pass through situations before taking steps that generate carryovers not recognizable under US tax laws.

Is there more I can do for you ?