Who is eligible to claim the capital gains deduction?

You have to be a resident of Canada throughout 2023 to be eligible to claim the capital gains deduction. For the purposes of this deduction, the CRA will also consider you to be a resident throughout 2023 if you meet both of the following conditions:

• you were a resident of Canada for at least part of 2023
• you were a resident of Canada throughout 2022 or 2024

Residents of Canada include factual and deemed residents.

Forms and publications

• Guide T4037, Capital Gains
• Income Tax Folio S5-F1-C1, Determining an Individual's Residence Status

Related topics

• Factual residents – Temporarily outside of Canada
• Determining your residency status