Who can claim a reserve?

Most people can claim a reserve when they dispose of a capital property.

Generally, you cannot claim a reserve in a tax year if you were in any of the following situations:

• You were not a resident of Canada at the end of the tax year, or at any time in the following year
• You were exempt from paying tax at the end of the tax year, or at any time in the following year
• You sold the capital property to a corporation that you control in any way

If you can claim a reserve, see How do you calculate and report a reserve?.

Forms and publications

• Guide T4037, Capital Gains
• Form T2017, Summary of Reserves on Dispositions of Capital Property