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Protected B when completed
 
  Part 3r – Calculating your capital gains deduction on qualified farm or
  fishing property and qualified small business corporation shares
 
  Complete this part if you disposed of qualified farm or fishing property (QFFP) or qualified small business corporation shares
(QSBCS) in 2023.
 
  Maximum capital gains deduction for QFFP and/or QSBCS disposed of
  in 2023   185  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)   – 186  
   
  Capital gains deduction available for dispositions of QFFP and/or QSBCS  
  (line 185 minus line 186; if negative, enter "0") (see note 43 below)   = ► 187
 
  Taxable capital gains arising from dispositions in 2023 of QFFP and/or QSBCS included in your 2023 income:
  Line 10700 of Schedule 3    
  Line 11000 of Schedule 3   +  
  Line 12400 of Schedule 3   +  
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 44 below)   +  
  Line 11 of Form T2017. If this amount is negative,
  enter in brackets. (see note 45 below)   +  
  Total (if negative, enter "0")   =   x 1/2   ► 188
  Enter the amount from line 187 or 188, whichever is less.   189
  Enter the amount from the last line you completed of lines 38, 47, 55, 64, 72, 81, 89, 98, 106, 117,
  127, 136, 146, 155, 165, 174 and 184.   + 190
  Line 189 plus line 190. Total amount of capital gains included in your 2023 income that is eligible  
  for the capital gains deduction.   = 191
 
  If you disposed of QFFP in 2023, and each of line 14 from Part 1, line 31 from Part 2, and line 191 is greater than or equal to
line 187, complete Part 3s.
  If you did not dispose of QFFP in 2023 the maximum capital gains deduction you can claim on line 25400 of your 2023 income
tax and benefit return is the lesser amount of lines 14, 31, and 191. You can, however, choose to claim less than the
maximum.
 
  Note 43
  You must also subtract from line 185 above, the amount from the last line you completed of line 38 of Part 3a, line 47 of
Part 3b, line 55 of Part 3c, line 64 of Part 3d, line 72 of Part 3e, line 81 of Part 3f, line 89 of Part 3g, line 98 of Part 3h, line 106
of Part 3i, line 117 of Part 3j, line 127 of Part 3k, line 136 of Part 3l, line 146 of Part 3m, line 155 of Part 3n, line 165 of
Part 3o, line 174 of Part 3p, and line 184 of Part 3q.
  Note 44
  If line 6 of your Form T2017 includes a reserve(s) from a disposition(s) of QFFP, QFP, or QXP before 2023, remove that part
from the amount you enter here.
  Note 45
  If line 11 of your Form T2017 includes a reserve(s) from a disposition(s) of QSBCS before 2023, remove that part from the
amount you enter here.
  25400  
 
 
T657 E (23)
Protected B when completed
 
  Part 3s – Calculating your capital gains deduction on qualified farm or
  fishing property
 
  Complete this part only if you meet the following conditions:
 
  • you disposed of qualified farm or fishing property (QFFP) in 2023
  • each of lines 14, 31, and 191 are all greater than or equal to the amount on line 187 of Part 3r
 
  Note
  For 2023, there is an additional $14,405 to the capital gains deduction limit that can only be used after your cumulative capital
gains deduction of $485,595 has been used up. This additional amount does not apply to dispositions of qualified small
business corporation shares (QSBCS).
  Maximum capital gains deduction for QFFP disposed of in 2023   192  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)   – 193  
  Capital gains deduction available for QFFP disposed of in 2023 included
in your 2023 income (line 192 minus line 193; if negative, enter "0")
  (see note 46 below)   = ► 194
 
  Taxable capital gains arising from dispositions in 2023 of QFFP included in your 2023 income:
  Line 11000 of Schedule 3   +  
  Line 12400 of Schedule 3   +  
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 47 below)   +  
  Total (if negative, enter "0")   =   x 1/2   ► 195
  Enter the amount from line 194 or 195, whichever is less.   196
  Enter the amount from line 191 of Part 3r.   + 197
  Line 196 plus line 197. Total amount of capital gains included in your 2023 income that
  is eligible for the capital gains deduction.   = 198
 
  The maximum capital gains deduction you can claim at line 25400 of your 2023 income tax and benefit return is the lesser
amount of lines 14, 31, and 198. You can, however, choose to claim less than the maximum.
 
  Note 46
  You must also subtract from line 192 above, the amount from line 191 of Part 3r.
 
  Note 47
  If line 6 of your Form T2017 includes a reserve from a disposition of QFFP in any year other than 2023, remove that part from
the amount you enter here.
  25400  
 
 
T657 E (23)