Line 12700: Taxable capital gains

The sale of certain property or shares can result in a capital gain. Line 12700 lists the taxable portion of your capital gains – losses and rate (usually 50%) applied.

 

Capital gains information can be from T slips such as T3, T4PS, T5, T5008, and T5013 or entered separately.

 

To review and confirm the source amounts of your capital gains not on a T slip:
  1. Select X in the upper-right corner to close the Help window.
  2. In the upper-right corner of your screen, select Find.
  3. In the Find window, type Capital Gains.
  4. Select Capital Gains from the list, and select Go.

 

If, after all of your capital gains and losses have been entered, you have a net capital loss, line 12700 will be zero. The loss will be carried forward for future years or can be carried back against previous gains.