Schedule 3

[elykFFF]

No, I don't have a reduction amount on Line 1. I simply have a capital loss in both periods and the software is making a mistake.

[TurboTaxSusan]

@elykFFF As per the Canada Revenue Agency (CRA), "The basic inclusion rate for all capital gains and losses would increase from one half to two thirds as of June 25, 2024." The $250,000 Threshold only applies to Capital Gains, not losses. You can see the calculations for the rates used on Part 5 of the Schedule 3.