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I reported sale of publicly traded shares in the capital gains section and the full amount of my capital gain is included as income. Shouldn't it be 50% of the gain?
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October 31, 2019
2:57 AM
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Investors and rental owners
Did you use the CRA AutoFill service to import your tax information? If "Yes", was their any T5008 slips imported?
October 31, 2019
2:57 AM
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Investors and rental owners
Yes, I use AutoFill but the disposition was not on any tax slips so no information would have been imported. I entered the information in the capital gains section with proceeds and ACB (there were no costs). The system added the whole amount of the gain to income. I thought only half of the capital gain is taxable.
October 31, 2019
2:58 AM
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Investors and rental owners
You're right only half that capital gain is taxable, and when you look at the Detailed Tax Summary, you should only see 50% of your entry on Line 127.
You might want to give our Support Team a call and they can actually have a look at your return to see why this is happening. Please follow the instructions below to reach an agent who can assist you with this.
October 31, 2019
2:58 AM