• Step 3 Did you make a capital gain?

    Attention

    Warning:

    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 of $5,125 from the capital proceeds of $6,000 to arrive at his capital gain, which is $875.

    End of example
    Last modified: 04 Mar 2016QC 19437