Why is Taxable Gains posted in income=50% of proceeds not actual gain-losses. I reported the cost base and Turbo calculated the difference. Where do you report Line 21 from T3?

jaegermeister4 · ‎October 30, 2019

TurboTaxEsther · ‎October 30, 2019

Box 21 from a T3 posts to line 127 of the T1General. 50% is the inclusion rate for capital gains.

If you have a T3, there is no need to enter the capital gain/loss in the investment section.

Investors and rental owners