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  • Step 3-Did you make a capital gain?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

    End of attention

    Subtract the amount in step 2 from the amount in step 1.

    If the capital proceeds are greater than the cost base, the difference is your capital gain.


    As Fred sold his shares for $6,000, he subtracts the $5,075 from the $6,000 to arrive at $925.

    Fred made a capital gain of $925.

    End of example
    Last modified: 06 Oct 2009QC 16182