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posted Oct 10, 2022 7:35:11 AM

enter taxable gains not eligible for capital gains deduction??

On Turbo Tax 2017 the page asks "enter taxable gains not eligible for capital gains deduction". Where do I find that information on my CRA account? What numbers do I put in that page? I have a printed page from CRA with columns for different things but I don't know which column applies. Please help.

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Moderator
Dec 6, 2022 1:07:18 PM

This is not something you can get from the Canada Revenue Agency (CRA). Instead, you would have to know where your capital gains are coming from. This Canada Revenue Agency (CRA) page lists gains ARE eligible for the capital gains deduction: https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/deductions-credits-expenses/line-25400-capital-gains-deduction/which-gains-eligible.html

 

If you have capital gains from the disposition (sale) of publicly traded shares or mutual funds, they are not eligible for the deduction.