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Protected B when completed
 
  Part 3p – Calculating your capital gains deduction on qualified farm or
  fishing property and qualified small business corporation shares
 
  Complete this part if you disposed of qualified farm or fishing property (QFFP) or qualified small business corporation shares
(QSBCS) in 2022.
 
  Maximum capital gains deduction for QFFP and/or QSBCS disposed of
  in 2022   166  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)   167  
   
  Capital gains deduction available for QFFP and/or QSBCS disposed of in
2022 and included in your 2023 income (line 166 minus line 167; if
 
  negative, enter "0") (see note 38 below)   = 168
 
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 39 below)   +  A
  Line 11 of Form T2017. If this amount is negative,
  enter in brackets. (see note 40 below)   +  B
  Amount A plus amount B, Taxable capital gains
from a reserve on QFFP and/or QSBCS disposed
of in 2022 included in your 2023 income
  (if negative, enter "0")   =   x 1/2   169
  Designations of taxable capital gains distributed by a trust from reporting a reserve from the  
  disposition of QSBCS/QFFP in 2022 included in your 2023 income   + 170
  Line 169 plus line 170 = 171
  Enter the amount from line 168 or 171, whichever is less.   172
  Enter the amount from the last line you completed of lines 38, 47, 55, 64, 72, 81, 89, 98, 106, 117,
  127, 136, 146,155, and 165.   + 173
  Line 172 plus line 173. Total amount of capital gains included in your 2023 income that is eligible  
  for the capital gains deduction.   = 174
 
  If you are reporting a reserve in 2023 from a disposition of QFFP in 2022, and each of line 14 from Part 1, line 31 from Part 2,
and line 174 is greater than or equal to line 168, complete Part 3q.
  If you are not reporting a reserve in 2023 income from the disposition of QFFP in 2022 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 174. You can, however, choose to claim less than the maximum
 
  Note 38
  You must also subtract from line 166 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, line 106 of
Part 3i, line 117 of Part 3j, line 127 of Part 3k, line 136 of Part 3l, line 146 of Part 3m, line 155 of Part 3n and line 165
of Part 3o.
  Note 39
  If line 6 of your Form T2017 includes a reserve(s) from a disposition(s) of QFFP, QFP, or QXP before 2022, remove that part
from the amount you enter here.
  Note 40
  If line 11 of your Form T2017 includes a reserve(s) from a disposition(s) of QSBCS before 2022, remove that part from the
amount you enter here.
  25400  
 
 
T657 E (23)

Protected B when completed
 
  Part 3q – Calculating your capital gains deduction on qualified farm or
  fishing property
 
  Complete this part only if you meet the following conditions:
 
  you disposed of qualified farm or fishing property (QFFP) in 2022
  each of lines 14, 31, and 174 are all greater than or equal to the amount on line 168 of Part 3p
 
  Note
  For 2022, there is an additional $43,185 to the capital gains deduction limit that can only be used after your cumulative capital
gains deduction of $456,815 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 2022   175  
  Capital gains deductions from previous years
  (line k of Chart 2 on the last page)   176  
  Capital gains deduction available for QFFP disposed of in 2022 included
in your 2023 income (line 175 minus line 176; if negative, enter "0")
  (see note 41 below)   = 177
 
  Line 6 of Form T2017. If this amount is negative,
  enter in brackets. (see note 42 below)   +   x 1/2   178
  Designations of taxable capital gains distributed by a trust from reporting a reserve from the  
  disposition of QFFP in 2022 included in your 2023 income   + 179
  Line 178 plus line 179 = 180
  Enter the amount from line 177 or 180, whichever is less.   181
  Enter the amount from line 174 of Part 3p.   + 182
  Line 181 plus line 182.   = 183
 
  Enter the amount from line 180 or 183, whichever is less. Total amount of capital gains included
  in your 2023 income that is eligible for the capital gains deduction.   184
 
  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 184. You can, however, choose to claim less than
the maximum.
 
  Note 41
  You must also subtract from line 175 above, the amount from line 174 of Part 3p.
 
  Note 42
  If line 6 of your Form T2017 includes a reserve from a disposition of QFFP in any year other than 2022, remove that part from
the amount you enter here.
  25400  
 
 
T657 E (23)