Capital gains

If you sell a property for more than it cost, you may have a capital gain. List the dispositions of all your properties on Schedule 3, Capital Gains (or Losses).

You will find a copy of this schedule in your General Income Tax and Benefit Guide package. For details on how to calculate your taxable capital gain, see Line 127 - Capital gains.

You may be a partner in a partnership that gives you a Slip T5013, Statement of Partnership Income, or a Slip T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses. If the partnership has a capital gain, it will allocate part of that gain to you. The gain will show on the partnership's financial statements or on your T5013 or T5013A slip.

Forms and publications

• Guide T4002, Business and Professional Income
• Guide T4037, Capital Gains
• Slip T5013, Statement of Partnership Income
• Slip T5013A, Statement of Partnership Income for Tax Shelters and Renounced Resource Expenses

Related topics

• Calculating and reporting your capital gains and losses
• Column 5 - UCC after additions and dispositions