If you disposed of qualifying property during the year and want to claim your exemption, you will need to fill out Form T-657, Calculation Of Capital Gains Exemption. The capital gain deduction will appear on line 25400.
You will also need to know what portion, if any, of the exemption you may have used in the past. If you don’t know this information, you can contact the Canada Revenue Agency (CRA) at1-800-959-8281 and they will be able to provide this information. It can also be found on your CRA’s My Account online.
For more information, visit TurboTax webpage: Claiming the Lifetime Capital Gains Exemption (LCGE)
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