Capital Losses to Offset Previous Years' Capital Gains

Are you requesting to apply a net capital loss from a prior year to your 2008 capital gain?
Or are you requesting to apply a 2008 loss to prior years?

If the former, you use line 253 on your return.

If the latter, you have to request a loss carryback on a T1A Request for Loss Carryback for that particular prior year. Then you do have to wait a few months or more, because they don't necessarily do the adjustments right away.

http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns248-260/253/menu-eng.html

I got mine about within a month of filing.

Hello, I filed a "T1A Request for Loss Carryback," requesting to apply 2008 capital losses against 2007 capital gains.

I got the Notice of Assessment for the 2008 tax year in early May 2009 with the script "We have received your request to carry back a loss to previous years. We will advise you on a 'Notice of Reassesment' if we make any changes to a previous year's tax return." 2+ months and still waiting.

Sorry. My mistake