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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.

    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