Which capital gains are eligible for the capital gains deduction?
The capital gains deduction can be applied against taxable capital gains included in 2023 income that arose from:
- dispositions of qualified small business corporation shares (QSBCS)
- dispositions of qualified farm or fishing property (QFFP)
- reserves brought into income in 2023, from either of the above
- the allocation and designation by a trust of taxable capital gains reported in the trust’s tax year on the disposition of QSBCS or QFFP
- the allocation and designation by a trust of taxable capital gains resulting from a reserve brought into income in the trust’s tax year relating to a disposition of QSBCS or QFFP in a prior tax year of the trust
Note
Any capital gains from the disposition of these properties while you were a non-resident of Canada are not eligible for the capital gains deduction unless you meet the requirements explained in the section Who is eligible to claim the capital gains deduction?.
Forms and publications
Related topics
Page details
- Date modified: