Troubleshooting

You can get information about your capital gains deduction limit and how much you have used in previous years by looking at Form T657 on your previous year's tax return (if you have already made a deduction previously). THis CRA website has more information on the capital gains deduction limit: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...

 

I would recommend double checking with the Canada Revenue Agency (CRA) if you need to report this income in the year of the sale (2022) or when you receive the money (2023). 

 

If you are in Canada or the United States, you can call the CRA at 1-800-959-8281. If you are elsewhere, you can call 613-940-8495. This page has more ways to contact the CRA: Contact the Canada Revenue Agency