@the23boss- If you sell a rental property for more than it cost, you may have a capital gain.
List the dispositions of all your rental properties on Schedule 3, Capital Gains (or Losses). For more information on how to calculate your taxable capital gain, see Guide T4037, Capital Gains.
For more information please check this CRA link: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/capital-cost-al...
We will also like to inform you that Schedule 3 - Capital Gains or Losses is one of the locked forms that is not finalized by CRA yet.
