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For the Canadians on the site from the CCRA website...

Personal-use property losses When you dispose of personal-use property that has an ACB or proceeds of disposition of more than $1,000, you may have a capital gain or loss. Any capital gain must be reported. Read more about calculating the gain or loss in Personal-use property.

However, if you have a capital loss, you usually cannot deduct that loss when you calculate your income for the year. In addition, you cannot use the loss to decrease capital gains on other personal-use property. This is because if a property depreciates through personal use, the resulting loss on its disposition is a personal expense.

These loss restrictions do not apply:

if you disposed of personal-use property that is listed personal property ; or
to a bad debt owed to you from the sale of a personal-use property to a person with whom you deal at arm's length.
For information on gains and losses from listed personal property such as paintings, rare books, coins and stamps, see Listed personal property (LPP).