T2017 - fill out and auto calculate/complete form online

Canada Revenue
Agency

Agence du revenu
du Canada

Protected B when completed

Summary of Reserves on Dispositions of Capital Property

Complete this form if you are an individual (other than a trust) who is reporting a reserve claimed on your 2022 income tax and
benefit return or claiming a reserve on dispositions of capital property (including gifts of certain securities) in 2023.
To determine if you are eligible to claim a reserve in 2023, see "Claiming a reserve" in Guide T4037, Capital Gains.
The information on page 3 of this form explains how to calculate a capital gains reserve.

Attach a completed copy of this form to your 2023 income tax and benefit return.

Part 1 – Dispositions of capital property after November 12, 1981

A. Dispositions of qualified farm or fishing property (QFFP)

Amount of 2022 reserve for dispositions of QFFP to your child after 2013

and before April 21, 2015 (line 66840 of Form T2017 for 2022)

66815

Amount of 2023 reserve for dispositions of QFFP to your child after 2014

and before April 21, 2015

66840

–

Line 1 minus line 2 (if negative, show the amount in brackets)

►

Amount of 2022 reserve for dispositions of QFFP to your child
after April 20, 2015, and all other dispositions of QFFP after 2018

(line 66844 of Form T2017 for 2022)

66843

Amount of 2023 reserve for dispositions of QFFP to your child

after April 20, 2015, and all other dispositions of QFFP after 2019

66844

–

Line 4 minus line 5 (if negative, show the amount in brackets)

►

Line 3 plus line 6 (if negative, show the amount in brackets)

Complete line 66848 only if you are reporting or claiming reserves at line 66815, line 66840, or
both for at least two dispositions of QFFP which originated in both 2014 and 2015.

Enter the amount of the most recent reserves claimed on line 66840.
(If you are reporting or claiming reserves for more than two dispositions at
lines 66815, 66840, or both, provide a breakdown of the amounts of each

reserve on a separate sheet of paper and attach it to this form.)

66848

B. Dispositions of qualified small business corporation shares (QSBCS)

Amount of 2022 reserve for dispositions of QSBCS to your child
after 2013, and all other dispositions of QSBCS after 2018

(line 66850 of Form T2017 for 2022)

66883

Amount of 2023 reserve for dispositions of QSBCS to your child

after 2014, and all other dispositions of QSBCS after 2019

66850

–

Line 9 minus line 10 (if negative, show the amount in brackets)

►

Line 7 plus line 11 (if negative, show the amount in brackets)

Complete line 66905 only if you are reporting or claiming reserves at line 66883, line 66850, or
both for at least two dispositions of QSBCS that originated in more than one year after 2013.

Enter the amount of the most recent reserves claimed on line 66850. (If
you are reporting or claiming reserves from more than two dispositions at
lines 66883, 66850, or both, provide a breakdown of the amounts of each

reserve on a separate sheet of paper and attach it to this form.)

66905

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(Ce formulaire est disponible en français.)

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C. Dispositions of property (other than QFFP and QSBCS) to your child

Amount from line 12 of the previous page

Amount of 2022 reserve for dispositions to your child after 2013, of family
farm or fishing property other than QFFP and of shares of capital stock of
a small business corporation other than QSBCS

(line 66920 of Form T2017 for 2022)

66910

Amount of 2023 reserve for dispositions to your child after 2014, of family
farm or fishing property other than QFFP and of shares of capital stock of

a small business corporation other than QSBCS

66920

–

Line 15 minus line 16 (if negative, show the amount in brackets)

►

D. Dispositions of property other than dispositions described in A, B, and C above

Amount of 2022 reserve for dispositions of property after 2018, other than
dispositions listed on lines 66883, and 66910 (line 66990 of Form T2017

for 2022)

66960

Amount of 2023 reserve for dispositions of property after 2019, other than

dispositions listed on lines 66844, 66850, and 66920

66990

–

Line 18 minus line 19 (if negative, show the amount in brackets)

►

Add lines 14, 17 and 20 (if negative, show the amount in brackets).

Part 2 – Dispositions of capital property before November 13, 1981

Complete line 67030 only if you disposed of property before November 13, 1981, you have
reported this reserve over the past 42 years, and you still have an amount to include in income.

Enter the amount of 2022 reserve for dispositions before November 13, 1981 (as reported in 2022).

67030

Line 21 plus line 22
Enter this amount on line 19200 of Schedule 3

Total reserve to be

(if negative, show the amount in brackets).

included in income

67060

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How do you calculate a reserve

The reserve you can claim in a tax year depends on when you disposed of the property and the type of property you disposed
of. You do not have to claim the maximum reserve in a tax year(Year A). However, the amount you claim in a later year
(Year B) cannot be more than the amount you claimed for that property in the previous year (Year A). To determine your
maximum reserve for 2023, use the calculation below that applies to you.

Dispositions of capital property after November 12, 1981

If you disposed of property after November 12, 1981, the calculation you use will depend on the type of property and disposition.

All property (other than family farm or fishing property, and small business corporation shares disposed to your child, as well
as donated non-qualifying securities)

You can claim a reserve up to a maximum of four years. Your reserve in each year cannot be more than the lesser of the
following:

Year of disposition (A)

Year after the disposition (B)

(i)

Capital gain

Amount payable after the end of the year

1st year: 60%

3rd year: 20%

Proceeds of disposition

80%

2nd year: 40%

4th year: zero

(ii)

Capital gain

(Enter the applicable percentage)

Family farm property, family fishing property, and small business corporation shares disposed to your child

You can claim a reserve up to a maximum of nine years. Your reserve in each year cannot be more than the lesser of the
following:

Year of disposition (A)

Year after the disposition (B)

(i)

Capital gain

Amount payable after the end of the year

1st year: 80%

4th year: 50%

7th year: 20%

Proceeds of disposition

90%

2nd year: 70%

5th year: 40%

8th year: 10%

3rd year: 60%

6th year: 30%

9th year: zero

(ii)

Capital gain

(Enter the applicable percentage)

Gift of non-qualifying security (other than an excepted gift) to a qualified donee

You can claim a reserve for any tax year ending within 60 months after the time you made the gift. However, you cannot claim
a reserve for a gift of non-qualifying securities for the year in which the donee disposes of the securities, or the security ceases
to be a non-qualifying security, or for any following year. Your reserve in each year cannot be more than the amount of the
capital gain you realized from the making of the gift.

For gifts of non-qualifying securities, the reserve you can claim cannot be greater than the eligible amount of the gift.

Dispositions of capital property before November 13, 1981

If you sold property before November 13, 1981, use the calculation below to determine your reserve. You should also use the
calculation for property that you sold, or are considered to have sold, after November 12, 1981, if the disposition occurred in
one of the following situations:

•

under the terms of an offer or a written agreement made or entered into before November 13, 1981

•

as a result of the property having been stolen, destroyed, or expropriated before November 13, 1981

Capital gain

Amount payable after the end of the year

Proceeds of disposition

For more information and definitions of terms used in this form, see Guide T4037, Capital Gains.

See the privacy notice on your return.

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