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Modgill Corporation has income from business of $66,600 and a taxable capital gain of $44,400 in 2022. It also has the following losses: Non-capital losses
Modgill Corporation has income from business of $66,600 and a taxable capital gain of $44,400 in 2022. It also has the following losses:
| Non-capital losses (expiring beyond 2022) | $99,000 |
| Net capital losses (2016) | $48,000 |
REQUIRED: How much of the above losses will be available for carryforward after this year?
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