My mutual funds were purchased over several years....

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New Member

My mutual funds were purchased over several years. What year do I enter in the capital gains section?

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?

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New Member

My mutual funds were purchased over several years. What year do I enter in the capital gains section?

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.

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