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NCL, or Non-Capital Loss, in Canadian tax refers to a loss that can potentially be used to offset taxable income in other years. Understanding NCL is crucial if you operate a business that reports losses, as it allows you to carry those losses forward or back to reduce tax liability. For more clarity on NCL and how it relates to your taxes, explore Canada SST-NOA-GD-IS. This can help you maximize your financial strategy.
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