Line 12701 - Capital gains reduction NEW!
Line 12701 - Capital gains reduction NEW!
The capital gains reduction generally decreases your total taxable capital gain (line 12700) so that the effective inclusion rate on the first $250,000 of capital gains realized after June 24, 2024 is 1/2 (50%).
To calculate this reduction, see Part 6 of Schedule 3. For more information, see Guide T4037, Capital Gains.
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