At the end of 2021, Ryan Ali had a balance in his cumulative net investment loss (CNIL)
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At the end of 2021, Ryan Ali had a balance in his cumulative net investment loss (CNIL) account of $14,500. In 2022, Ryan earned net rental income of $5,000 and received eligible dividends from Canadian corporations of $1,000. He incurred interest expense of $3,000 relating to his stock portfolio.
Determine Ryan’s CNIL balance at the end of 2022.
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Related Book For 
Canadian Income Taxation 2022/2023
ISBN: 9781260881202
25th Edition
Authors: William Buckwold, Joan Kitunen, Matthew Roman
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