The capital gains are claimed by completing schedule 3 for the current tax year, to report eligible capital gains from all sources. Once calculated, 50% of the total is transferred to line 12700 of your tax return as your taxable capital gain amount.
To report your Capital Gains/Losses on TurboTax, please follow these steps:
If Capital Gain/Loss is reported on T5008, T5, T3, T4PS, or T5013 slips:
Capital Gain/Loss not reported on a T-slip:
Note: Before you begin, be sure to determine the type of your capital property, and calculate your proceeds of disposition and adjusted....
For more information, please see:
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