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TaxTips.ca - Capital Gains and Losses
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WebThe maximum amount you can claim on line 25300 is your taxable capital gains (line 12700) for the year. We’ll limit your claim on line 25300 to the amount on line When you Check & Optimize your return, we may suggest you claim a lesser amount this year. We’ll carry forward any unused amounts to next year for you. WebLine 12700 - Taxable capital gains Completing Schedule 3 Schedule 3 is divided into eight sections for reporting the disposition of different types of capital properties, and to … WebMar 13, 2024 · Even though this is technically a “loss carryback” the amount of the carryback under subsection 164 (6) actually gets processed as a reduction to T1 line 12700 (Taxable Capital Gains) rather than a deduction for capital losses on line 25300. I don’t tend to make an adjustment to the T1. hilary whitehouse jcu