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Indicate a Restricted Farm Loss on a T1 return

SOLVEDby IntuitUpdated October 12, 2023

CRA allows a deduction of $17,500 from other income if a return has a net farm loss of $32,500 or greater. The remaining net farm loss balance becomes the restricted farm loss.

When the farm loss deducted in the return is different from the actual farm loss because of the restricted farm loss calculation, this should be indicated on the T1 jacket on line 14099 - Farming income.

  1. Navigate to the SelfEmploy form.
  2. Change the question Add back: Restricted farm loss? to a value of Yes.

This triggers ProFile to indicate Section 31 in the blank field next to the Farming income title on line 14099 of the T1 jacket.

Note: Line 14099 was line 168 until tax year 2019.

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