| Protected B when completed | ||||||||||||||
| Calculation of taxable capital gains (or net capital loss) in 2023 | ||||||||||||||
| Amount from line 10 of the previous page | 11 | |||||||||||||
| Capital gains deferral from qualifying dispositions of eligible small business corporation shares | ||||||||||||||
| included on line 4 of the previous page | 16100 | – | 12 | |||||||||||
| Line 11 minus line 12 | = | 13 | ||||||||||||
| Capital gains (or losses) from T5, T5013 and T4PS information slips | 17400 | + | 14 | |||||||||||
| Capital gains (or losses) from T3 information slips | 17600 | + | 15 | |||||||||||
| Add lines 13 to 15. | = | 16 | ||||||||||||
| Capital loss from a reduction in your business investment loss | 17800 | – | 17 | |||||||||||
| Total of all gains (or losses) before reserves: line 16 minus line 17 | 19100 | = | 18 | |||||||||||
| Reserves from line 67060 of Form T2017 (if negative, show in brackets) | 19200 | + | 19 | |||||||||||
| Total capital gains (or losses): line 18 plus line 19 | ||||||||||||||
| (if line 19 is negative: line 18 minus line 19) | 19700 | = | 20 | |||||||||||
| Applicable rate | x 50% | 21 | ||||||||||||
| Line 20 multiplied by the percentage from line 21 If the amount is positive, enter it on line 12700 of your return. |
2023 Taxable capital gains |
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| If negative (a loss), see below. | (or net capital loss) | 19900 | = | 22 | ||||||||||
| If line 22 is negative | ||||||||||||||
| If the amount at line 22 is negative (loss), do not report it on line 12700 of your return. Instead, use your latest notice of assessment or reassessment to find out the amount of the loss that you can use to reduce your taxable capital gains of other years. |
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| If you have a net capital loss in 2023 that you would like to apply against the taxable capital gains that you reported on your 2020, 2021 or 2022 return, complete Form T1A, Request for Loss Carryback. |
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| You can carry forward your net capital losses indefinitely and apply them against your taxable capital gains in the future. | ||||||||||||||
| Principal residence | ||||||||||||||
| Complete this part if you disposed of a property (or properties) in 2023 that you are claiming a principal residence exemption for. | ||||||||||||||
| Also complete Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other than a Personal Trust), or Form T1255, Designation of a Property as a Principal Residence by the Legal Representative of a Deceased Individual, whichever applies. |
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| Even if you do not sell your property, you may have a deemed disposition that you must report. A deemed disposition occurs when you are considered to have disposed of property even though you did not actually sell it. For example, a deemed disposition may occur when you change how you use your principal residence, such as when you change all or part of your principal residence to a rental or business operation, or change your rental or business operation to a principal residence. |
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| If you were not a resident of Canada for the entire time you owned the designated property, your period of non-residence may reduce or eliminate the amount of the principal residence exemption. For more information, see Income Tax Folio S1-F3-C2, Principal Residence. |
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| Principal residence designation | ||||||||||||||
| Tick the box that applies to your designation of the property described on Form T2091(IND) or Form T1255. | ||||||||||||||
| 17900 | 1 | I designate the property as my principal residence for all of the years that I owned it or for all of the years that | ||||||||||||
| I owned it except one year. | ||||||||||||||
| 2 | I designate the property as my principal residence for some but not all of the years that I owned it. | |||||||||||||
| 3 | I designate the properties as my principal residences for some or all of the years that I owned them. | |||||||||||||
| See the privacy notice on your return. | ||||||||||||||
| 5000-S3 E (23) | Page 2 of 3 | |||||||||||||