When to report a gain or loss
You report the disposition of capital property in the calendar year (January to December) you sell, or are considered to have sold, the property.
Regardless of whether or not the sale of a capital property results in a capital gain or loss, you have to file an income tax and benefit return to report the transaction (even if you do not have to pay tax). This rule also applies when you report the taxable part of any capital gains reserve you deducted in 2019.
Completing your Schedule 3
Forms and publications
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