Available Tax Forms
○ All-in-one data center
○ Checklist
○ T4
○ T4A
○ T4A(OAS)
○ T4A(P)
○ T4E
○ T4PS
○ T4A-RCA
○ T4RIF
○ T4RSP
○ T5
○ T4FHSA
○ T3
○ T5007
○ T5008
○ T5013
○ RC210
● T1 GENERAL
● ON428
>>Show more forms
HomeTax calculator

Protected B when completed
 
Chart 2024 – Capital gains deduction
 
Qualified farm or fishing property (QFFP) and qualified small business corporation shares (QSBCS)
 
Period 1 – Capital gains from January 1 to June 24, 2024
 
Complete this chart if you disposed of QFFP or QSBCS in Period 1 of 2024.
 
Maximum capital gains deduction for QFFP and/or QSBCS disposed of in 2024 for Period 1   A
 
Enter the last amount that you calculated for "Total amount of capital gains included in
2024 income eligible for the capital gains deduction" from 2015 to 2023. If you did not complete		  
charts for 2015 to 2023, enter "0".   – B
 
Amount A minus amount B   = C
 
Capital gains deductions from previous years from line 19 of Chart 2   – D
 
Capital gains deduction available for dispositions of QFFP and/or QSBCS:  
amount C minus amount D (if negative, enter "0")   = E
 
Taxable capital gains arising from dispositions of QFFP and/or QSBCS for Period 1 included in your 2024 income:
 
Amount from line 10684 of Schedule 3 (do not
include capital gains reported in box 30 of a T3 slip		  
relating to dispositions of QSBCS before 2024.)    F
 
Amount from line 10686 of Schedule 3 (do not
include capital gains reported in box 30 of a T3 slip		  
relating to dispositions of QFFP before 2024)   +  G
 
Amount from line 10688 of Schedule 3   +  H
 
Amount from line 6 of Form T2017 (do not include
reserves from dispositions of QFFP before 2024		  
(if negative, show in brackets)   +  I
   
Amount from line 14 of Form T2017 (do not include
reserves from dispositions of QSBCS before 2024)		  
(if negative, show in brackets)   +  J
Add amounts F to J (if negative, enter "0").   =   x 1/2 =   K
 
Enter whichever is less: amount E or amount K.   L
 
Enter amount B from above.   + M
 
Total amount of capital gains included in 2024 income    
Amount L plus amount M eligible for capital gains deduction   = N
 
Enter whichever is less: line 18 of Step 1, line 17 of Step 2 or amount N above.
If you are not claiming a capital gains deduction for Period 2, this is the maximum amount you can  
claim on line 25400 of your 2024 return. However, you can choose to claim less.   O
Enter claimed amount for line 25400:  
 
T657 E (24)
Protected B when completed
Chart 2024 – Capital gains deduction
 
Qualified farm or fishing property (QFFP) and qualified small business corporation shares (QSBCS)
 
Period 2 – Capital gains from June 25 to December 31, 2024
 
Complete this chart if you disposed of QFFP or QSBCS in Period 2 of 2024.
 
Maximum capital gains deduction for QFFP and/or QSBCS disposed of in 2024 for Period 2   A
 
Enter the last amount that you calculated for "Total amount of capital gains included in
2024 income eligible for the capital gains deduction" from 2015 to 2024. If you did not complete		  
charts for 2015 to 2024, enter "0".   – B
 
Amount A minus amount B   = C
 
Capital gains deductions from previous years from line 19 of Chart 2   – D
 
Capital gains deduction available for dispositions of QFFP and/or QSBCS:  
Amount C minus amount D (if negative, enter "0")   = E
 
Taxable capital gains arising from dispositions of QFFP and/or QSBCS for Period 2 included in your 2024 income:
 
Amount from line 10700 of Schedule 3    F
   
Amount from line 11000 of Schedule 3   +  G
   
Amount from line 12400 of Schedule 3   +  H
   
Add amounts F to H (if negative, enter "0").   =  I
 
Amount from line 30 of Form T2017   –  J
 
Amount I minus amount J (if negative, enter "0")   = K
 
Amount from line 33 of Form T2017   –  L
 
Amount K minus amount L (if negative, enter "0")   =   x 1/2 =    M
 
Enter whichever is less: amount E or amount M.   N
 
Enter amount B from above.   + O
 
Total amount of capital gains included in 2024 income  
Amount N plus amount O eligible for capital gains deduction   = P
 
Enter whichever is less: line 18 of Step 1, line 17 of Step 2, or amount P above.
This is the maximum amount you can claim on line 25400 of your 2024 return. However, you can  
choose to claim less.   Q
 
Enter claimed amount for line 25400:  
 
   
 
T657 E (24)