A capital gain is a profit that results from a disposition of a capital asset, such as stock, bond or real estate, where the amount realized on the disposition exceeds the purchase price. The gain is the difference between a higher selling price and a lower purchase price.[1] Conversely, a capital loss arises if the proceeds from the sale of a capital asset are less than the purchase price. Capital gains may refer to "investment income" that arises in relation to real assets, such as property; financial assets, such as shares/stocks or bonds; and intangible assets such as goodwill. Line 127 - Capital gains
You may have a capital gain or capital loss when you sell or transfer capital property. Some common types of capital property include land, buildings, shares, bonds, fund and trust units.
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Calculating and reporting
How to calculate your capital gains and losses, and complete line 127 and schedule 3 of your return. Capital losses and deductions
You may be able to reduce your taxable income by claiming capital losses, deferrals, reserves and the cumulative capital gains deduction. Shares, funds and other units Publicly-traded shares, bonds, mutual fund and trust units, stock options, flow-through entities, and identical properties. Capital gains (or losses) from information slips How to report your capital gains (or losses) from T3, T4PS, T5, T5008, T5013 and T5013A information slips. Principal residence and other real estate
Designation, change of use and disposition of a principal residence, which can be a house, apartment, cottage, mobile home or houseboat. Transfers of capital property
Transfers to a spouse or common-law partner, or to a trust, corporation or partnership. Capital gains and losses from business and partnerships Information for individuals whose capital gain or loss arises from a business or partnership.
Gifts of shares, stock options, and other capital property
Donations of Canadian cultural property, ecologically sensitive land, and other capital property such as bonds, shares or stock options. http://www.notapennydown.com Mark Fidgett
