Protected B when completed | |||||||||||||||||
Part 1 – Calculating your annual gains limit for 2018 |
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Total net capital gains (or losses): total of lines 107, 110, and 124 of Schedule 3 plus | |||||||||||||||||
lines C and D of Form T2017 (if the amount is a loss, show it in brackets) . . . . . . . . . . . . . | 1 | ||||||||||||||||
Total taxable capital gains (or losses): Amount from line 1 | x 1/2 . . . . . . . | = | 2 | ||||||||||||||
Farming/fishing incomes eligible for the capital gains deduction (line 173 on Schedule 3) | + | 3 | |||||||||||||||
Eligible taxable capital gains or losses (line 2 plus line 3 (if negative, enter "0")) . . . . . . . . | = | 4 | |||||||||||||||
Total taxable capital gains or net capital losses from line 199 of Schedule 3 | |||||||||||||||||
(if the amount is a loss, show it in brackets) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 5 | ||||||||||||||||
Amount from line 176 on Schedule 3 (if negative, enter "0") | x 1/2 . . . . . . | – | 6 | ||||||||||||||
Line 5 minus line 6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | 7 | |||||||||||||||
Enter the amount from line 3 above . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 8 | |||||||||||||||
Line 7 plus line 8 (if the amount is a loss, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | 9 | |||||||||||||||
2018 eligible taxable capital gains (enter the amount from line 4 or 9, whichever is | |||||||||||||||||
less; if line 10 is zero, you cannot claim a capital gains deduction for 2018) . . . . . . . . . . | ► | 10 | |||||||||||||||
Net capital losses of other years deducted in 2018 (line 253 of | |||||||||||||||||
your 2018 return) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | a | ||||||||||||||||
Net capital losses of other years applied against net | |||||||||||||||||
non-eligible taxable capital gains in 2018 | |||||||||||||||||
(line 10 of Chart A of Form T936 for 2018) . . . . . . . . . . . . . . | – | b | |||||||||||||||
Net capital losses of other years (line a minus line b; | |||||||||||||||||
if negative, enter "0") . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | ► | 11 | ||||||||||||||
Allowable business investment losses (line 217 of your 2018 return) . . . . . . . . . . . . . . . . | + | 12 | |||||||||||||||
Line 11 plus line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | ► | – | 13 | |||||||||||||
Annual gains limit for 2018 (line 10 minus line 13 (if negative, enter "0")) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | 14 | |||||||||||||||
If line 14 is zero, do not complete the rest of this form, because you cannot claim a capital gains deduction for 2018. | |||||||||||||||||
Part 2 – Calculating your cumulative gains limit for 2018 |
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Total taxable capital gains reported after 1984 and before 1992 | |||||||||||||||||
(line 127 of your returns for these years). Do not include reserves reported | |||||||||||||||||
on property disposed of before 1985 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 15 | ||||||||||||||||
1992 and 1993 eligible taxable capital gains (line 3 in Part 1 of Form T657 or Form T657A | |||||||||||||||||
for 1992 and 1993) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 16 | |||||||||||||||
1994 eligible taxable capital gains (line 5 in Part 1 of Form T657 or T657A for 1994) . . . | + | 17 | |||||||||||||||
1995 eligible taxable capital gains (line 7 in Part 1 of Form T657 or line 3 | |||||||||||||||||
of Form T657A for 1995) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 18 | |||||||||||||||
1996 to 1999 eligible taxable capital gains (line 8 in Part 1 of Form T657 for those years) | + | 19 | |||||||||||||||
2000 eligible taxable capital gains (line 7 in Part 1 of Form T657 for 2000) . . . . . . . . . . . | + | 20 | |||||||||||||||
2001 eligible taxable capital gains (line 8 in Part 1 of Form T657 for 2001) . . . . . . . . . . . | + | 21 | |||||||||||||||
2002 to 2017 eligible taxable capital gains (line 10 in Part 1 of Form T657) | |||||||||||||||||
for those years). For 2018 and later years (line 8 in Part 1 of Form T657) . . . . . . . . . . | + | 22 | |||||||||||||||
Cumulative eligible taxable capital gains (total of lines 15 to 22) . . . . . . . . . . . . . . . . . . . | = | ► | 23 | ||||||||||||||
Allowable capital losses claimed in 1985 (amount shown in brackets on line 127 of your | |||||||||||||||||
1985 return; maximum of $2,000) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | 24 | ||||||||||||||||
Allowable business investment losses claimed after 1984 and before 2018 (line 217 on | |||||||||||||||||
your 1985 to 2017 returns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 25 | |||||||||||||||
Net capital losses of other years claimed after 1984 and before 2018 (enter the total of | |||||||||||||||||
amounts in column G of Chart 1 on the last page) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 26 | |||||||||||||||
Total losses used to calculate your annual gains limit for 2018 | |||||||||||||||||
(from line 13 of Part 1 above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 27 | |||||||||||||||
Cumulative net investment loss to December 31, 2018 | |||||||||||||||||
(line C in Part 3 of Form T936 for 2018) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 28 | |||||||||||||||
Total capital gains deductions claimed after 1984 and before 2018 | |||||||||||||||||
(line 254 on your 1985 to 2017 returns) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | + | 29 | |||||||||||||||
Total of lines 24 to 29 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | ► | – | 30 | |||||||||||||
Cumulative gains limit for 2018 (line 23 minus line 30 (if negative, enter "0")) . . . . . . . . . . . . . . . . . . . . . . . . . . . . | = | 31 | |||||||||||||||
If line 31 is zero, do not complete the rest of this form, because you cannot claim a capital gains deduction for 2018. | |||||||||||||||||