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Protected B when completed
 
  Part 3h – Calculating your capital gains deduction on qualified farm or
  fishing property and qualified small business corporation shares
 
  Complete this part if you are reporting a reserve in 2023 on dispositions of qualified farm or fishing property (QFFP) or qualified
small business corporation shares (QSBCS) to your child in 2018.
 
  Maximum capital gains deduction for QFFP and/or QSBCS disposed of in 2018   90  
   
  Capital gains deductions from previous years  
  (line k of Chart 2 on the last page) (see note H below)   91  
  Capital gains deduction available for QFFP and/or QSBCS disposed
of in 2018 included in your 2023 income
 
  (line 90 minus line 91; if negative, enter "0") (see note 18 below)   = 92
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 19 below)   93  
  Line 11 of Form T2017. If this amount is negative,
  enter in brackets. (see note 20 below)   + 94  
  Line 93 plus line 94. Taxable capital gains from
a reserve on QFFP and/or QSBCS disposed of in
 
  2018 included in your 2023 income (if negative, enter "0")   =   x 1/2   95
 
  Enter the amount from line 92 or 95, whichever is less.   96
  Enter the amount from the last line you completed of lines 38, 47, 55, 64, 72, 81 and 89. If you did
  not complete Part 3a, 3b, 3c, 3d, 3e, 3f, or 3g enter "0".   + 97
  Add lines 96 and 97. Total amount of capital gains included in your 2023 income that is eligible for  
  the capital gains deduction.   = 98
     
  If you are reporting a reserve in 2023 from a disposition of QFFP in 2018 and each of line 14 from Part 1, line 31 from
Part 2, and line 98 is greater than or equal to line 92, complete Part 3i.
  If you are not reporting a reserve in 2023 income from the disposition of QFFP in 2018, you did not dispose of QFFP or
QSBCS in 2023, and you are not bringing a reserve into 2023 income from any disposition after 2018, 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 98. You can, however, choose to claim less than the maximum.
  25400  
 
  Note H
  You may have claimed a capital gains deduction for other eligible capital gains amounts from 2018 to 2022. If so, use the
amount you calculate with the following instructions instead of the amount on line k of Chart 2 of this T657 form (line 91 of
this page).
 
  Calculate amount A:
  The amount from line k of Chart 2 of your 2018 Form T657 plus the amount of all capital gains deductions you have already
claimed in 2022 for this reserve.
 
  Calculate amount B:
  The amount of capital gains deductions you claimed for other gains (not the reserve) from 2018 to 2022 minus the maximum
capital gains exemption increase allowed for other gains from 2018 to 2022 (if negative, use "0").
 
  After you calculate amounts A and B, add them and enter the result on line 91.
 
  Note 18
  You must also subtract from line 90 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 and line 89 of Part 3g.
  Note 19
  If line 6 of your Form T2017 includes a reserve(s) from a disposition(s) of QFFP, QFP, or QXP in any year other than 2018,
remove that part from the amount you enter here.
  Note 20
  If line 11 of your Form T2017 includes a reserve(s) from a disposition(s) of QSBCS in any year other than 2018, remove that
part from the amount you enter here.
 

Protected B when completed
 
  Part 3i – Calculating your capital gains deduction on qualified farm or
  fishing property
 
  Complete this part only if:
 
  you disposed of qualified farm or fishing property (QFFP) to your child in 2018
  each of lines 14, 31, and 98 are all greater than or equal to the amount on line 92 of Part 3h
  Note
  For 2018, there is an additional $75,874 to the capital gains deduction limit that can only be used after your cumulative
capital gains deduction of $424,126 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 2018   99  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page) (see note I below)   100  
  Capital gains deduction available for QFFP disposed of in 2018 included
in your 2023 income (line 99 minus line 100; if negative, enter "0")
 
  (see note 21 below)   = 101
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 22 below)     x 1/2   102
 
  Enter the amount from line 101 or 102, whichever is less.   103
 
  Enter the amount from line 98 of Part 3h.   + 104
 
  Line 103 plus line 104   = 105
 
  Enter the amount from line 102 or 105, whichever is less. Total amount of capital gains included
  in your 2023 income that is eligible for the capital gains deduction.   106
     
  If you did not dispose of QFFP or QSBCS in 2023 and you are not bringing a reserve into 2023 income for any disposition after
2018, 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 106. You can, however, choose to claim less than the maximum.
 
  Note I
  You may have claimed a capital gains deduction for other eligible capital gains amounts from 2018 to 2022. If so, use the
amount you calculate with the following instructions instead of the amount on line k of Chart 2 of this T657 form (line 100 of
this page).
 
  Calculate amount A:
  The amount from line k of Chart 2 of your 2018 Form T657 plus the amount of all capital gains deductions you have already
claimed in 2022 for this reserve.
 
  Calculate amount B:
  The amount of capital gains deductions you claimed for other gains (not the reserve) from 2018 to 2022 minus the maximum
capital gains exemption increase allowed for other gains from 2018 to 2022 (if negative, use "0").
 
  After you calculate amounts A and B, add them and enter the result on line 100.
 
  Note 21
  You must also subtract from line 99 above, the amount from line 98 of Part 3h.
  Note 22
  If line 6 of your Form T2017 includes a reserve from a disposition of QFFP in any year other than 2018, remove that part from
the amount you enter here.
  25400  
 

Protected B when completed
 
  Part 3j – Calculating your capital gains deduction on qualified farm or
  fishing property and qualified small business corporation shares
 
  Complete this part if you are reporting a reserve in 2023 on dispositions of qualified farm or fishing property (QFFP) or qualified
small business corporation shares (QSBCS) in 2019.
 
   
  Maximum capital gains deduction for QFFP and/or QSBCS disposed of in 2019   107  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)(See note J below)   108  
   
  Capital gains deduction available for QFFP and/or QSBCS disposed of in
2019 included in your 2023 income (line 107 minus line 108; if negative,
 
  enter "0") (see note 23 below)   = 109
 
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 24 below)   110
  Line 11 of Form T2017. If this amount is negative,
  enter in brackets. (see note 25 below)   + 111
  Line 110 plus line 111. Taxable capital gains from
a reserve on QFFP and/or QSBCS disposed of in
2019 included in your 2023 income
  (if negative, enter "0")   =   x 1/2   112
  Designations of taxable capital gains distributed by a trust from reporting a reserve from the  
  disposition of QSBCS/QFFP in 2019 included in your 2023 income   + 113
  Line 112 plus line 113 = 114
  Enter the amount from line 109 or 114, whichever is less.   115
  Enter the amount from the last line you completed of lines 38, 47, 55, 64, 72, 81, 89, 98 and 106. If
  you did not complete Part 3a, 3b, 3c, 3d, 3e, 3f, 3g, 3h, or 3i, enter "0".   + 116
  Add lines 115 and 116. Total amount of capital gains included in your 2023 income that is eligible  
  for the capital gains deduction.   = 117
 
  If you are reporting a reserve in 2023 from a disposition of QFFP in 2019, and each of line 14 from Part 1, line 31 from Part 2,
and line 117 is greater than or equal to line 109, complete Part 3k.
  If you are not reporting a reserve in 2023 income from the disposition of QFFP in 2019 and did not dispose of QFFP or
QSBCS 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 117. You can, however, choose to claim less than the maximum.
 
  Note J
  You may have claimed a capital gains deduction for other eligible capital gains amounts from 2019 to 2022. If so, use the
amount you calculate with the following instructions instead of the amount on line k of Chart 2 of this T657 form (line 108 of
this page).
 
  Calculate amount A:
  The amount from line k of Chart 2 of your 2019 Form T657 plus the amount of all capital gains deductions you have already
claimed in 2022 for this reserve.
 
  Calculate amount B:
  The amount of capital gains deductions you claimed for other gains (not the reserve) from 2019 to 2022 minus the maximum
capital gains exemption increase allowed for other gains from 2019 to 2022 (if negative, use "0").
 
  After you calculate amounts A and B, add them and enter the result on line 108.
 
  Note 23
  You must also subtract from line 107 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, and
line 106 of Part 3i.
  Note 24
  If line 6 of your Form T2017 includes a reserve(s) from a disposition(s) of QFFP, QFP, or QXP in any year other than 2019,
remove that part from the amount you enter here.
  Note 25
  If line 11 of your Form T2017 includes a reserve(s) from a disposition(s) of QSBCS in any year other than 2019, remove that
part from the amount you enter here.
  25400  
 

Protected B when completed
 
  Part 3k – Calculating your capital gains deduction on qualified farm or
  fishing property
 
  Complete this part only if:
 
  you disposed of qualified farm or fishing property (QFFP) in 2019
  each of lines 14, 31, and 117 are all greater than or equal to the amount on line 109 of Part 3j
 
  Note
  For 2019, there is an additional $66,544 to the capital gains deduction limit that can only be used after your cumulative
capital gains deduction of $433,456 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 2019   118  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)(see note K below)   119  
  Capital gains deduction available for QFFP disposed of in 2019 included
in your 2023 income (line 118 minus line 119; if negative, enter "0")
  (see note 26 below)   = 120
 
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 27 below)     x 1/2   121
  Designations of taxable capital gains distributed by a trust from reporting a reserve from the  
  disposition of QFFP in 2019 included in your 2023 income   + 122
  Line 121 plus line 122 = 123
  Enter the amount from line 120 or 123, whichever is less.   124
  Enter the amount from line 117 of Part 3j.   + 125
  Line 124 plus line 125   = 126
  Enter the amount from line 123 or 126, whichever is less. Total amount of capital gains included
  in your 2023 income that is eligible for the capital gains deduction.   127
 
  If you did not dispose of QFFP or QSBCS in 2023 , 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 127. You can, however, choose to claim less than
the maximum.
 
  Note K
  You may have claimed a capital gains deduction for other eligible capital gains amounts from 2019 to 2022. If so, use the
amount you calculate with the following instructions instead of the amount on line k of Chart 2 of this T657 form (line 119 of
this page).
 
  Calculate amount A:
  The amount from line k of Chart 2 of your 2019 Form T657 plus the amount of all capital gains deductions you have already
claimed in 2022 for this reserve.
 
  Calculate amount B:
  The amount of capital gains deductions you claimed for other gains (not the reserve) from 2019 to 2022 minus the
maximum capital gains exemption increase allowed for other gains from 2019 to 2022 (if negative, use "0").
 
  After you calculate amounts A and B, add them and enter the result on line 119.
 
  Note 26
  You must also subtract from line 118 above, the amount from line 117 of Part 3j.
  Note 27
  If line 6 of your Form T2017 includes a reserve from a disposition of QFFP in any year other than 2019, remove that part from
the amount you enter here.
  25400