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New Member
posted May 7, 2021 3:44:29 PM

Why does the capital gains inclusion rate for 2000 field keep defaulting to 50.00?

0 2 886
2 Replies
Level 6
May 10, 2021 6:47:16 AM

Thank you for choosing TurboTax,

As per CRA, generally, the inclusion rate for 2020 is ½. This means that you multiply your capital gain for the year by this rate to determine your taxable capital gain. Similarly, you multiply your capital loss for the year by ½ to determine your allowable capital loss. The inclusion rate has changed over the years. For prior year rates, see Inclusion rates for previous years.

 

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Returning Member
Apr 26, 2022 1:47:32 AM

I don't know why my rate defaults to 0.0000

Since there is no units provided in the input screen, should I over ride the input with "50", or "0.5" to give me the 50%?