T657(Page 7) - fill out and auto calculate/complete form online

Protected B when completed

Part 3d – Calculating your capital gains deduction on qualified farm or fishing

property

Complete this part only if:

•

you are reporting a reserve in 2017 from the disposition of qualified farm or fishing property (QFFP) after
April 20, 2015 and before 2016; and

•

each of line 14, line 31, and and line 56 are all greater than or equal to line 50 of Part 3c.

Note

For this period there is an additional $93,200 to the capital gains deduction limit that can only be used after your cumulative
capital gains deduction of $406,800 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 after April 20, 2015, and

before 2016 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Capital gains deductions from previous years (line k of Chart 2 on the last page) . . . . . .

–

Capital gains deduction available for QFFP disposed of after April 20, 2015 and before
2016 included in your 2017 income (line 57 minus line 58; if negative, enter "0") (see

note 9 below). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

►

Line B of Form T2017. If this amount is negative, enter in

brackets. (see note 10 below) . . . . . . . . . . . . . . . . . . . . . . . . .

x 1/2

►

Enter the lesser of lines 59 and 60 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter the amount from line 56 of Part 3c. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Line 61 plus line 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter the lesser of lines 60 and 63. Total amount of capital gains included in your 2017 income that

is eligible for the capital gains deduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Notes

9. You must also subtract from line 57 above, the amount from line 56 of Part 3c.

10. If line B of your Form T2017 includes a reserve from a disposition of QFFP in any year other than 2015, remove
that part from the amount you enter here.

If you did not dispose of QFFP or QSBCS in 2017, and you are not bringing a reserve into 2017 income for any
disposition after 2015, the maximum capital gains deduction you can claim at line 254 of your 2017 income tax and
benefit return is the lesser of the amounts at lines 14, 31, or 64. You can, however, choose to claim less than the

maximum.

254