Nol Carryover Rules 2025 Canada. Special rules apply to expenditures that do not relate to a specific. Specifically, tcja changed the nol rules by:

Recent tax reform changes to nols included what appears to be bad news to nol carrybacks but favorable rules for prior year nol carryovers. For tax years 2013 through 2018, the nol could be carried back to each of the past 2 years.