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Marcil Lavallée
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The Marcil Lavallée experience is expertise and ongoing support that go beyond accounting.
Whatever your business needs or challenges, the advice and explanations provided by our team of experts will enable you to make the right decisions with confidence.
By choosing our services, you give yourself peace of mind as well as more time to pursue your goals.
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Company profile
40+ years
in business
partners
employees
side of the river
big family
Tax information
Latest newsletter
January 2022 Newsletter
ABIL not allowed
In general terms, you can have an allowable business investment loss (ABIL) if you have a loss on a loan to a Canadian-controlled private corporation that is also a small business corporation. Other conditions can apply.
An ABIL is a type of an allowable capital loss (which is half of an actual capital loss). The main difference is that an ABIL can be used to offset all sources of income, whereas a regular allowable capital loss can normally offset only taxable capital gains and not other sources of income.
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Mars 2020
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Gatineau
100-200, Montcalm St
Gatineau, Québec J8Y 3B5
Phone number: 819-778-2428
Fax: 613-745-9584
Ottawa
400-1420 Blair Towers Place
Ottawa, Ontario K1J 9L8
(Adjacent to Regional Road 174)
Phone number: 613-745-8387
Fax: 613-745-9584