importance
A capital loss not reported in the year of the loss cannot be offset in subsequent years. That is why it is important to report losses as well.
technical
Loss is reported in Appendix C to the annual report. If no report was submitted - a report can only be submitted for the purpose of reporting the loss.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.