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Flag 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 on dispositions of capital property
(including gifts of certain securities) in 2024.
If you are reporting a reserve claimed on your 2023 return or on dispositions in 2024 that occurred before June 25, 2024,
complete section "Period 1." If you are claiming a reserve on dispositions that occurred after June 24, 2024,
complete section "Period 2." For more information, see "Claiming a reserve" in Guide T4037, Capital Gains.
The information on page 4 of this form explains how to calculate a capital gains reserve.
Attach a completed copy of this form to your 2024 income tax and benefit return.
 
Period 1 – Reserves on dispositions of capital property before June 25, 2024
 
Part 1 – Dispositions of capital property after November 12, 1981
 
 
A. Dispositions of qualified farm or fishing property (QFFP)
 
Amount of 2023 reserve for dispositions of QFFP to your child after 2014 and before  
April 21, 2015 (line 66840 of Form T2017 for 2023) 66815  1
Amount of 2023 reserve for dispositions of QFFP to your child
after April 20, 2015, and all other dispositions of QFFP after 2019		  
(line 66844 of Form T2017 for 2023) 66843  2
Amount of 2024 reserve for dispositions of QFFP
to your child after 2015, and all other dispositions
of QFFP after 2020 and before June 25, 2024		  
other than a qualifying business transfer (QBT)    3
Amount of 2024 reserve for dispositions of QFFP
under a QBT before June 25, 2024 66831 +  4
 
Line 3 plus line 4 66844 = ►  5
Line 2 minus line 5 (if negative, show in brackets) = ► +  6
Line 1 plus line 6 (if negative, show in brackets)   =  7
 
Complete line 66848 only if you are reporting or claiming reserves on line 66815 for dispositions
of QFFP which originated in 2015. If you are reporting or claiming reserves for more than two
dispositions on line 66815 provide a breakdown of the amounts of each reserve on a separate
sheet of paper and attach it to this form.
 
Enter the amount of the most recent reserves claimed on line 66815. 66848  8
 
T2017 E (24) (Ce formulaire est disponible en français.) Page 1 of 4 Canada Logo
Protected B when completed
 
Part 1 – Dispositions of capital property after November 12, 1981 (continued)
B. Dispositions of qualified small business corporation shares (QSBCS)
 
Amount from line 7 of the previous page    9
 
Amount of 2023 reserve for dispositions of QSBCS to your child
after 2014, and all other dispositions of QSBCS after 2019		  
(line 66850 of Form T2017 for 2023) 66883  10
Amount of 2024 reserve for dispositions of
QSBCS to your child after 2015 and all other
dispositions of QSBCS other than a QBT
after 2020 and before June 25, 2024    11
Amount of 2024 reserve for dispositions of
QSBCS under a QBT before June 25, 2024 66833 +  12
 
Line 11 plus line 12 66850 = ► –  13
Line 10 minus line 13 (if negative, show in brackets) = ► +  14
Line 9 plus line 14 (if negative, show in brackets)   =  15
 
Complete line 66905 only if you are reporting or claiming reserves on line 66883, line 66850, or
both for at least two dispositions of QSBCS that originated in more than one year after 2014.
If you are reporting or claiming reserves from more than two dispositions, provide a breakdown of
the amounts of each reserve on a separate sheet of paper and attach it to this form.
 
Enter the amount of the most recent reserves claimed on line 66850. 66905  16
 
C. Dispositions of property (other than QFFP and QSBCS) to your child
 
Amount of 2023 reserve for dispositions of family farm or fishing property
to your child after 2014 (other than QFFP)
(line 66920 of Form T2017 for 2023) 66910  17
Amount of 2024 reserve for dispositions of family farm or fishing property
to your child (other than QFFP) after 2015 and before June 25, 2024 66920 –  18
Line 17 minus line 18 (if negative, show in brackets)   = ► +  19
 
D. Dispositions of property under a QBT (other than QFFP and QSBCS)
 
Amount of 2024 reserve for dispositions of property under a QBT (other than QFFP and QSBCS)  
before June 25, 2024. Enter this amount as negative. 66935 +  20
 
E. Dispositions of property other than dispositions described in A, B, C, and D above
 
Amount of 2023 reserve for dispositions of property after 2019, other
than dispositions listed on lines 66883, and 66910
(line 66990 of Form T2017 for 2023) 66960  21
Amount of 2024 reserve for dispositions of property after 2020 and
before June 25, 2024, other than dispositions listed on lines 66844,
66850, 66920, and 66935 66990 –  22
Line 21 minus line 22 (if negative, show in brackets)   = ► +  23
 
Add lines 15, 19, 20, and 23 (if negative, show in brackets).   =  24
 
T2017 E (24) Page 2 of 4
Protected B when completed
 
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 43 years, and you still have an amount to include in income.
Amount from line 24 of the previous page    25
Amount of 2023 reserve for dispositions before November 13, 1981 (as reported in 2023) 67030 +  26
Line 25 plus line 26
Enter this amount on line 19199 of Schedule 3 Period 1 reserve to be     
(if negative, show in brackets). included in income  67060 =  27
 
Period 2 — Reserves on dispositions of capital property after June 24, 2024
 
A. Dispositions of qualified farm or fishing property (QFFP)
Amount of 2024 reserve for dispositions of QFFP other than a QBT
after June 24, 2024    28
Amount of 2024 reserve for dispositions of QFFP under a QBT
after June 24, 2024 66835 +  29
Line 28 plus line 29 67055 = ► +  30
 
B. Dispositions of qualified small business corporation shares (QSBCS)
Amount of 2024 reserve for dispositions of QSBCS other than a QBT
after June 24, 2024    31
Amount of 2024 reserve for dispositions of QSBCS under a QBT
after June 24, 2024 66837 +  32
Line 31 plus line 32 67056 = ► +  33
 
C. Dispositions of property (other than QFFP and QSBCS) to your child
 
Amount of 2024 reserve for dispositions of family farm or fishing property to your child
(other than QFFP) after June 24, 2024 67057 +  34
 
D. Dispositions of property under a QBT (other than QFFP and QSBCS)
 
Amount of 2024 reserve for dispositions of property under a QBT (other than QFFP and QSBCS)  
after June 24, 2024 66839 +  35
 
E. Dispositions of property other than dispositions described in A, B, C, and D above
 
Amount of 2024 reserve for dispositions of property after June 24, 2024, other than dispositions
listed on lines 67055, 67056, 67057, and 66839 67058 +  36
 
Total of lines 30, 33, 34, 35, and 36  
Enter this amount as negative on line 19200 of Schedule 3. Period 2 reserve  67059 =  37
 
     
T2017 E (24) Page 3 of 4

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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 2024, 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 of to your child, as
well as donated non-qualifying securities and properties disposed of under a QBT)
  You can claim a reserve up to a maximum of four years. Your reserve for the year cannot be more than the lesser of the
following:
 
  Year of disposition (A) Year after the disposition (B)  
  (i) Capital gain x 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 x   %   Enter the applicable percentage from the table  
 
  Family farm or fishing property and small business corporation shares disposed of to your child, or disposition under
a QBT
 
  You can claim a reserve up to a maximum of nine years. Your reserve for the year cannot be more than the lesser of
the following:
 
  Year of disposition (A) Year after the disposition (B)  
  (i) Capital gain x 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 x   %   Enter the applicable percentage from the table  
 
  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 for the 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 x 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.
 
T2017 E (24) Page 4 of 4