Line 25395 - Capital gains deduction for qualifying business transfers or qualifying cooperative conversions
Line 25395 - Capital gains deduction for qualifying business transfers or qualifying cooperative conversions
If you have a capital gain from a qualifying business transfer (QBT) or a qualifying cooperative conversion (QCC), you may be eligible for a deduction to reduce your taxable income.
For more information on QBT, see Form T24EOT, Joint Election for Capital Gains Deduction in Respect of a Qualifying Business Transfer.
For more information on QCC, see Form T25QCC, Joint Election to Claim a Deduction for a Qualifying Cooperative Conversion.
Complete Form T2048, Capital Gains Deduction for Qualifying Business Transfers or Qualifying Cooperative Conversions, to calculate your deduction.
