Capital gains deductions history

If you've claimed capital gains deductions in previous years, keeping track of your claims' history allows you to monitor your lifetime capital gains exemption amounts (LCGE), so you don’t accidentally claim more than you’re entitled to.

Important: Before you begin, be sure you have your most recent notice of assessment (NOA) on hand – you’ll need it to complete this page.

  • Tax year gain was incurred - Your notice of assessment (NOA) provides a year by year breakdown of any capital gains you’ve realized. Enter the capital gains from each year as it appears on your NOA.

  • Capital gains deduction amount – Enter the capital gains deduction amount as shown on your most recent NOA. Your available capital gains deduction amounts will be listed on a year by year basis.

  • Net capital loss amount – If you’ve got a net capital loss amount that you’d like to apply against a capital gain you’ve realized in 2024, enter this amount here. This amount can either be found on your Schedule 3 or in the field labelled Unapplied net loss amount on the Capital gains and losses history page in H&R Block’s tax software.

  • Net farm property disposition amount – If you disposed of a farm property in 2024, this amount can be found on your current year’s Schedule 3. If the amount is from a prior year, you can find this amount on your most recent NOA, by signing into your CRA My Account (registration required), or if you download your tax information from the government using the Auto-fill my return feature.

  • Net small business share disposition amount – If you disposed of small business shares in 2024, this amount can be found on your current year’s Schedule 3. If the amount is from a prior year, you can find this amount on your most recent NOA, by signing into your CRA My Account (registration required) or if you download your tax information from the government using the Auto-fill my return feature.