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  T1-2023 Protected B when completed  
  Capital Gains (or Losses) Schedule 3  
 
  Complete this schedule to report your taxable capital gains on line 12700 of your return. If you need more space, attach a
separate sheet. Attach a copy of this schedule to your paper return.
  For more information about capital gains or losses, including business investment losses, go to canada.ca/taxes-capital-gains
or see Guide T4037, Capital Gains.
If you realized a gain on a disposition, you may be able to claim a capital gains deduction on line 25400 of your return. If you
have capital gains or losses on your T5, T5013, T4PS and T3 information slips, report them on line 17400 or line 17600 of
this schedule.
 
    (1) (2) (3) (4) (5)  
  Property type Year of
acquisition
Proceeds of
disposition
Adjusted
cost base
Outlays and
expenses
(from dispositions)
Gain (or loss)
(column 2 minus
columns 3 and 4)
 
 
 
  Qualified small business corporation shares (QSBCS)
 
  Number Name of corp. and class of shares (1) (2) (3) (4) (5)  
   
 
Total  10699 Gain (or loss)  10700  1
 
 
  Qualified farm or fishing property (QFFP)
 
  Address or legal description Prov./Terr. (1) (2) (3) (4) (5)  
   
 
Total  10999 Gain (or loss)  11000 +  2
 
  Mortgage foreclosures and conditional sales repossessions
 
  Address or legal description Prov./Terr. (1) (2) (3) (4) (5)
   
 
Total  12399 Gain (or loss)  12400 +  3
 
 
  Publicly traded shares, mutual fund units, deferral of eligible small business corporation shares and other shares
 
  Number Name of fund/corp. and class of shares (1) (2) (3) (4) (5)  
   
 
Total  13199 Gain (or loss)  13200 +  4
 
 
  Real estate, depreciable property, and other properties (see principal residence and property flipping on pages 2 and 3)
 
  Address or legal description Prov./Terr. (1) (2) (3) (4) (5)  
   
 
Total  13599 Gain (or loss)  13800 +  5
 
 
  Bonds, debentures, promissory notes, crypto-assets, and other similar properties
 
  Face value Maturity date Name of issuer (1) (2) (3) (4) (5)  
   
 
Total  15199 Gain (or loss)  15300 +  6
 
 
  Other mortgage foreclosures and conditional sales repossessions
 
  Address or legal description Prov./Terr. (1) (2) (3) (4) (5)  
   
 
Total  15499 Gain (or loss)  15500 +  7
 
 
  Personal-use property (see principal residence and property flipping on pages 2 and 3)
 
  (Provide full description) (1) (2) (3) (4) (5)  
   
 
Gain only  15800 +  8
 
 
  Listed personal property (LPP) (LPP losses can only be applied against LPP gains)
 
  (Provide full description) (1) (2) (3) (4) (5)  
   
 
  Subtract: unapplied LPP losses from other years     
 
Net gain only  15900 +  9
 
  Add lines 1 to 9. Total of gains (or losses) of qualified properties and other properties   = 10
 
 
  5000-S3 E (23) (Ce formulaire est disponible en français.)     Page 1 of 3

Protected B when completed
 
  Calculation of taxable capital gains (or net capital loss) in 2023
 
  Amount from line 10 of the previous page   11
 
  Capital gains deferral from qualifying dispositions of eligible small business corporation shares  
  included on line 4 of the previous page 16100 12
 
  Line 11 minus line 12 = 13
 
  Capital gains (or losses) from T5, T5013 and T4PS information slips 17400 + 14
 
  Capital gains (or losses) from T3 information slips 17600 + 15
 
  Add lines 13 to 15. = 16
 
  Capital loss from a reduction in your business investment loss 17800 17
 
  Total of all gains (or losses) before reserves: line 16 minus line 17  19100 = 18
 
  Reserves from line 67060 of Form T2017 (if negative, show in brackets) 19200 + 19
 
  Total capital gains (or losses): line 18 plus line 19  
  (if line 19 is negative: line 18 minus line 19) 19700 = 20
 
  Applicable rate   x                50% 21
 
  Line 20 multiplied by the percentage from line 21
If the amount is positive, enter it on line 12700 of your return.

2023 Taxable capital gains
   
  If negative (a loss), see below. (or net capital loss) 19900 = 22
 
   
  If line 22 is negative
  If the amount at line 22 is negative (loss), do not report it on line 12700 of your return. Instead, use your latest notice of
assessment or reassessment to find out the amount of the loss that you can use to reduce your taxable capital gains of other years.
  If you have a net capital loss in 2023 that you would like to apply against the taxable capital gains that you reported on your
2020, 2021 or 2022 return, complete Form T1A, Request for Loss Carryback.
  You can carry forward your net capital losses indefinitely and apply them against your taxable capital gains in the future.
 
  Principal residence
  Complete this part if you disposed of a property (or properties) in 2023 that you are claiming a principal residence exemption for.
 
  Also complete Form T2091(IND), Designation of a Property as a Principal Residence by an Individual (Other than a Personal
Trust), or Form T1255, Designation of a Property as a Principal Residence by the Legal Representative of a Deceased
Individual, whichever applies.
 
  Even if you do not sell your property, you may have a deemed disposition that you must report. A deemed disposition occurs
when you are considered to have disposed of property even though you did not actually sell it. For example, a deemed
disposition may occur when you change how you use your principal residence, such as when you change all or part of your
principal residence to a rental or business operation, or change your rental or business operation to a principal residence.
 
  If you were not a resident of Canada for the entire time you owned the designated property, your period of non-residence may
reduce or eliminate the amount of the principal residence exemption. For more information, see Income Tax Folio S1-F3-C2,
Principal Residence.
 
 
  Principal residence designation  
     
    Tick the box that applies to your designation of the property described on Form T2091(IND) or Form T1255.  
     
    17900 I designate the property as my principal residence for all of the years that I owned it or for all of the years that  
    I owned it except one year.  
     
    I designate the property as my principal residence for some but not all of the years that I owned it.  
     
    I designate the properties as my principal residences for some or all of the years that I owned them.  
     
     
 
 
See the privacy notice on your return.  
 
  5000-S3 E (23)   Page 2 of 3

Protected B when completed  
 
  Property flipping
 
  A flipped property is a housing unit (including a rental property) located in Canada or a right to acquire a housing unit located in
Canada that you owned or held, for less than 365 consecutive days before its disposition (12-month holding period). A property is
not considered a flipped property if it was already considered to be inventory or was owned or held for 365 or more consecutive days
before its disposition or if the disposition occurred due to, or in anticipation of, certain life events as listed at line 17906 below.
  If you disposed of a flipped property, the resulting gain on the disposition is taxable as business income and not as a capital
gain. To report this transaction, complete Form T2125, Statement of Business Income or Professional Activities.
 
     
    Did you dispose of a housing unit, or a right to acquire a housing unit, located in Canada
(including a rental property) that was not already considered inventory and was owned for
 
    less than 365 consecutive days before the disposition? 17905 Yes No  
     
      If no, the housing unit is not considered a flipped property and any gain from the disposition of
the property is taxable as a capital gain.
 
      If yes, was the disposition due to, or in anticipation of, any of the following life events?
(tick the boxes that apply, if any)
 
     
    17906 the death of the taxpayer or a related person  
    a related person joining the taxpayer’s household or the taxpayer joining a related person's household  
    (for example, moving in with a spouse or common-law partner, for the birth of a child, adoption, or care of
an elderly parent)
 
    the breakdown of a marriage or common-law partnership where the taxpayer had been living separate and  
    apart from their spouse or common-law partner for at least 90 days before the disposition  
    a threat to the personal safety of the taxpayer or a related person (for example, domestic violence)  
    a serious disability or illness of the taxpayer or a related person  
    the eligible relocation of the taxpayer or their spouse or common-law partner where the taxpayer's new  
    home is at least 40 kilometres closer to the new work location or school (generally, an eligible relocation
allows the taxpayer to carry on business, be employed or attend full-time post-secondary education)
 
    the involuntary termination of employment of the taxpayer or their spouse or common-law partner  
    the insolvency of the taxpayer (for example, due to an accumulation of debt)  
    the destruction or expropriation of the taxpayer's property (for example, when the property is destroyed due  
    to natural or man-made disaster)  
     
    If you answered yes at line 17905 and one or more of the life events above apply to you, the housing unit is not considered
a flipped property and any gain from the disposition of the property is taxable as a capital gain. For more information, go
to canada.ca/real-estate-income.
 
     
    If you answered yes at line 17905 and none of the life events above apply to you, the housing unit is considered a flipped
property and the gain is taxable as business income. To report this transaction, complete Form T2125, Statement of
Business Income or Professional Activities. For more information, go to canada.ca/taxes-businesses-income or see
Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income.
 
     
 
 
  For more information about property flipping, go to canada.ca/cra-property-flipping.
 
See the privacy notice on your return.
 
  5000-S3 E (23)   Page 3 of 3