As a part-time employee, Derek earns $20,000 per year of employment income.. 
He recently started up his own business as a sole proprietorship. For the current year, his business revenues were $12,000 and his business expenses were $28,000
Derek has some investments that resulted in a taxable dividend income of $1,400 and incurred interest expense of $2,000.
Assuming this accounts for all of Derek's sources of income, what is his non-capital loss carry forward for the year?

Answer rating: 100% (QA)

Dereks noncapital loss carry forward for the year is 3400 To calculate th... View the full answer