Capital gains and losses from a business or partnership

The topics below explain some of the special rules that may apply when a capital gain or loss arises from a business or partnership.

Topics

• Qualified farm or fishing property (QFFP)
  Did you sell or transfer farmland, a building, or a fishing vessel or license?
• Purchase of replacement property
  You may elect to postpone or defer reporting the capital gain, recapture of capital cost allowance, or business income from a disposition.
• Capital gains or losses from a partnership
  Did you receive a T5013 slip? Is the partnership eligible for the cumulative capital gains deduction?
• Disposing of property included in capital cost allowance Class 14.1
  Information on dispositions that may include goodwill, trademarks, milk quotas and fishing licences.

Forms and publications

• Guide T4037, Capital Gains
• Guide T4002, Self-employed Business, Professional, Commission, Farming, and Fishing Income
• Schedule 3, Capital Gains (or Losses)

Related topics

• Taxes
• Sole proprietorships and partnerships