Can a joint capital loss be used to offset a capital gain of just one partner?

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(Newbie)Newbie

25 Apr 2023

My wife and I had a joint investment that resulted in a capital loss some ten years ago. Since then, we have carried forward 50% of that loss in each of our tax returns. My wife will now have a capital gains event greater than her 50% share of the loss. Can only her 50% be used to offset the capital gains or can we use my share as well?

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