What is the difference between Non-capital losses and Capital losses?

Non-capital losses are losses that are not of capital sources. These losses can result from property, employment or a business. You can generally carry a non-capital loss arising in tax years ending after 2005, back 3 years and forward 20 years.

Capital loss on the other hand arises when an individual sells a capital property for less than its adjusted cost base. A capital loss can be carried back three years and forward indefinitely.