I have a question on offsetting capital loss from my capital gains.
For example, I have $5000 capital loss from previous years. I sold some shares, which has been held for more than a year, and received a capital gain of $1000. I sold another parcel of shares (only held for less than a year), and received a capital gain of $200.
How do I calculate my capital gain?
Is this correct?
Capital gain = (50% x $1000) + ($200) - $5000 = - $4300 (capital loss to be carried forward to future)?