Bonds, debentures, promissory notes, crypto-assets, and other similar properties
Report capital gains or capital losses from the disposition of bonds, debentures, Treasury bills, promissory notes, crypto-assets, and other properties to Schedule 3. Other properties include bad debts, foreign currencies, and options, as well as discounts, premiums, and bonuses on debt obligations.
Note
A capital gain or loss cannot arise from Canada Savings Bonds or similar provincial savings bonds.
For more information on the tax treatment of these bonds, see line 12100.
Capital gains arising from donations made to a qualified donee of a debt obligation or right listed on a designated stock exchange, or a prescribed debt obligation, are treated differently. If you made such a donation, use Form T1170, Capital Gains on Gifts of Certain Capital Property. If you have a capital gain, report the amount calculated on Form T1170 to Schedule 3. For more information on these donations, see Guide P113, Gifts and Income Tax.
If you sold any of the types of properties listed above in 2024, you will receive a T5008 slip, Statement of Securities Transactions, or an account statement.
A linked note is a debt obligation, most often issued by a financial institution, the return on which is linked in some manner to the performance of one or more underlying assets or indexes over the term of the debt obligation. For transfers of debt obligations (as described in paragraph 7000(1)(d) of the Income Tax Regulations), any gain realized at the time of the assignment, or transfer of a linked note, is treated as interest that accrued on the debt obligation for a period commencing before the time of the transfer and ending at the time of the transfer.
If you sold a linked note in 2024, you will receive a T5008 slip, Statement of Securities Transactions, and a T5 slip, Statement of Investment Income. Box 30 of your T5 slip contains the amount of interest income you have to report on line 12100 of your return. The T5008 slip contains information to help you calculate a capital gain or loss, if any. The box on the T5008 slip called "Proceeds of disposition or settlement amount" does not contain any interest income that is already reported on your T5 slip. For instructions on how to calculate your capital gain or loss, see Calculating your capital gain or loss.
If you bought and sold the same type of property over a period of time, a special rule may affect your capital gain or loss calculation. For more information, see Identical properties.
Completing your Schedule 3
You have to complete Schedule 3 to determine your taxable capital gains or your net capital loss.
Complete Period 1 for dispositions from January 1 to June 24, 2024. Complete Period 2 for disposition from June 25 to December 31, 2024. Report dispositions for Period 1 on lines 10693 and 10694 of Schedule 3, and report dispositions for Period 2 on lines 15199 and 15300.
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