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Investors and rental owners
I think the point is being missed here. Even if you fill out T657 correctly, with the correct proceeds of sale and adjusted cost base, the EasyStep guidance will not let you proceed past the screen where you are trying to enter your exemption amount. I have never used the lifetime exemption and was trying to claim the exemption; it showed on the T657, and in T1 on line 25400, correctly, a reduction of taxable income, resulting in a net $0.00 capital gains to be included in income.....HOWEVER, as soon as you go back into EasyStep mode, it shows you have $0.00 of exemption available and will not let you proceed further. I was only using EasyStep to make sure I hadn't missed anything else along the way, as a check, but had to work around that part in order to file.