Line 127 - Taxable capital gains

Line 127 - Taxable capital gains

You may have a capital gain (or loss) when you dispose of property, such as when you sell real estate, which may include your principal residence, or shares (including mutual funds). You may also have a gain or a loss if you are considered to have disposed of property (see the definition of deemed disposition on Schedule 3). For more information, see Guide T4037, Capital Gains.

If you sold a principal residence in the year, complete the "Principal residence" section on page 2 of Schedule 3.