Determining your taxable capital gains (or losses)

You have to complete the bottom portion of the Schedule 3 to determine your taxable capital gain or your net capital loss.

The amount of your total capital gains may vary if you have:

When you complete this portion of the Schedule 3, you will multiply your total capital gains (or losses) by the inclusion rate. The inclusion rate for 2019 is 50%.

If you have a taxable capital gain, transfer the amount to line 12700 of your return.

If you have a net capital loss, you can use it to reduce your taxable capital gain in any one of the 3 preceeding years or in any future year. See Capital losses and deductions for more information.

For more information, see How do you calculate your capital gain or loss?

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