Step 3 Did you make a capital gain?



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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.

Example 3: Calculating capital gain

As Fred sold his shares for $6,000, he subtracts his shares' cost base $5,125 from the capital proceeds $6,000 to arrive at his capital gain, which is $875.

Last modified: 06 Oct 2009QC 27788