coukellg
New Member

Why didn't adding capital gains change the refund calculation?

I made a large RRSP contribution to offset capital gains from the sale of shares in a small business corporation.  After entering all information except capital gains, TurboTax showed a large refund.  When I added the capital gains, the refund amount didn't change.  It seems like there is no additional tax being calculated on this capital gains income.  
JWKim
Returning Member

Troubleshooting

You capital gain seems to be a QSBCS shares, therefore there are exempt from capital gain (assuming you have still room left)

 

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...