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
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