Calculating and reporting your capital gains and losses
This section provides information on calculating your capital gains and losses, and on completing schedule 3 and line 127 of your return.
Completing your income tax return
On line 127, enter the positive amount from line 199 on your Schedule 3. If the amount on line 199 on your Schedule 3 is negative (a loss), do not claim the amount on line 127 of your tax return. We will register it on our system. Keep track of this loss, which you can use to reduce your taxable capital gains of other years.
Report your gains or losses in Canadian dollars. Use the exchange rate that was in effect on the day of the transaction or, if there were transactions at various times throughout the year, you can use the average annual exchange rate.
If you need detailed information on how to report your capital gains or losses, see Completing Schedule 3.
Forms and publications
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