I understand there are different tax rates for short term capital gains and long term capital gains. I sold mutual funds which I have held for over a year, but were purchased over several years. Which year do I enter in Schedule 3?
There are no different tax rates for short term or long term capital gains in Canada. For the year of acquisition on Schedule 3 for identical mutual funds purchased over several years, you can enter either the first year or the year with the most purchases.