topic Re: Canada - Turbotax Premier Desktop - Capital gains split in Getting started

Canada - Turbotax Premier Desktop - Capital gains split

SCRaimondo — Tue, 11 Mar 2025 17:14:50 GMT

Joint filing with my wife.

The T3 capital gains data is entered and split 50% with my wife.

The program does not account for the 50% split. I am charged 100% with the capital gains.

The capital gains data for the T5008 slip is also entered as 50% split with my wife -- This works fine.

Re: Canada - Turbotax Premier Desktop - Capital gains split

TurboTaxAniqua — Thu, 13 Mar 2025 13:11:00 GMT

To split Capital gains between spouses please follow these steps: How do I allocate a capital gain between two spouses?

However, we would like to inform you that Schedule 3 is still locked by CRA and not finalized by CRA yet. Please refer to this link Why does TurboTax say my forms are locked or haven't been finalized?

We do not have any ETA on this yet but as soon a these forms gets finalize we will be updating them in TurboTax for an accurate calculations.

We appreciate your patience.

Thank you for choosing TurboTax.

Re: Canada - Turbotax Premier Desktop - Capital gains split

funwest — Tue, 01 Apr 2025 21:55:07 GMT

This problem has not been fixed yet (April 1). Capital gains from box 21 (or 52+53) is still allocated only to one spouse and not divided 50/50. All other investment income seems to be appropriately split. When will this be fixed?

Re: Canada - Turbotax Premier Desktop - Capital gains split

TurboTaxAniqua — Wed, 02 Apr 2025 16:58:01 GMT

@funwest We are aware of this issue, and our development team is working on a resolution. Currently we don't have any ETA. Once it is resolved, we will update you in this thread. We appreciate your patience.