Line 12700 – Taxable capital gains
- Return type: Personal income tax and benefit return
- Tax year: 2025
If you sold or disposed of property in 2025 and your taxable capital gains for the year were more than your allowable capital losses , you have to include the difference on line 12700 of your return.
To find out the most recent changes about capital gains, see New for capital gains.
Services and information
Reporting capital gains
Calculating and reporting capital gains and losses
Find out general information to help you determine if you have a capital gain or loss and calculate your capital gains and losses
Completing Schedule 3
Learn more about completing the applicable sections of Schedule 3 and calculating the amount of taxable capital gains to enter on line 12700 of your return
Claiming a capital gains deduction
Find out if you can claim an amount on line 25400 for the cumulative capital gains deduction and be able to reduce your taxable income
Claiming a capital gains reserve
Find out if you can defer part of your capital gain by claiming a capital reserve
If you have a loss
Capital losses
Learn more about capital losses and the different treatments of capital gains that may reduce your taxable income
Line 21700 – Business investment loss
Find out what a business investment loss is and how an ABIL is determined, deducted, and carried back or forward
Line 25200 – Non-capital losses of other years
Find out what is a non-capital loss, how long you can carry a non-capital loss, and when and how to apply your non-capital losses
Line 25300 – Net capital losses of other years
Find out which losses are carried forward first and how the inclusion rate affects the loss carry forward and the amount entered on line 25300
Other information and special rules
Principal residence
Find out what type of housing can be a principal residence and learn more about designating, changing the use and disposing of a principal residence
Transfers of capital property
Learn about special rules that may apply to transfers of land, buildings, or other special property
Gifts of shares, stock options, and other capital property
Find information for donors of certified Canadian cultural property, ecologically sensitive land, or other capital property such as bonds, shares or stock options
Special rules and other transactions
Learn about some of the special rules that may apply when you calculate your capital gain or loss, and how to report some of the less common capital transactions