Summary of Reserves on Dispositions of Capital Property T2017

Complete this form if you are an individual, other than a trust, who is reporting a reserve on dispositions of capital property (including gifts of certain securities) in 2024.

If you are reporting a reserve claimed on your 2023 return or on dispositions in 2024 that occurred before June 25, 2024, complete section "Period 1." If you are claiming a reserve on dispositions that occurred after June 24, 2024, complete section "Period 2." For more information, see "Claiming a reserve" in Guide T4037, Capital Gains.
The information on the last page of this form explains how to calculate a capital gains reserve

Attach a completed copy of this form to your 2024 income tax and benefit return.


Period 1 - Reserves on dispositions of capital property before June 25, 2024

Part 1 - Dispositions of capital property after November 12, 1981

 
A. Dispositions of qualified farm or fishing property (QFFP)
 
Amount of 2023 reserve for dispositions of QFFP to your child after 2014 and before April 21, 2015 (line 66840 of Form T2017 for 2023)  66815  1 
Amount of 2023 reserve for dispositions of QFFP to your child after April 20, 2015, and all other dispositions of QFFP after 2019
(line 66844 of Form T2017 for 2023)		  66843  2 
Amount of 2024 reserve for dispositions of QFFP to your child after 2015, and all other dispositions of QFFP after 2020 and before June 25, 2024 other than a qualifying business transfer (QBT)  3 
Amount of 2024 reserve for dispositions of QFFP to your child after April 20, 2015, and all other dispositions of QFFP after 2020 and before June 25, 2024 other than a qualifying business transfer (QBT)  66831 +  4 
Line 3 plus line 4  66844 =   -  5 
Line 2 minus line 5 (if negative, show in brackets) =   +  6 
Line 1 plus line 6 (if negative, show in brackets) =  7 
 
Complete line 66848 only if you are reporting or claiming reserves at line 66815 for dispositions of QFFP which originated in 2015.
If you are reporting or claiming reserves for more than two dispositions on lines 66815 provide a breakdown of the amounts of each reserve on a separate sheet of paper and attach it to this form.
 
Enter the amount of the most recent reserves claimed on line 66815.  66848  8 
Tick the checkbox if there was an entry on line 66848 of form T2017 of your return for tax year 2023.  
                       
 
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Part 1 - Dispositions of capital property after November 12, 1981 (continued)
 
B. Dispositions of qualified small business corporation shares (QSBCS)
                       
Amount from line 7 of the previous page  9 
Amount of 2023 reserve for dispositions of QSBCS to your child after 2014, and all other dispositions of QSBCS after 2019
(line 66850 of Form T2017 for 2023)		  66883  10 
Amount of 2024 reserve for dispositions of QSBCS to your child after 2015 and all other dispositions of QSBCS other than a QBT after 2020 and before June 25, 2024  11 
Amount of 2024 reserve for dispositions of QSBCS under a QBT before June 25, 2024  66833 +  12 
Line 8 plus line 12  66850 =   -  13 
Line 11 minus line 13 (if negative, show in brackets) =   +  14 
Line 9 plus line 14 (if negative, show in brackets) =  15 
 
Complete line 66905 only if you are reporting or claiming reserves at line 66883, line 66850, or both for at least two dispositions of QSBCS that originated in more than one year after 2014.
If you are reporting or claiming reserves from more than two dispositions, provide a breakdown of the amounts of each reserve on a separate sheet of paper and attach it to this form.
 
Enter the amount of the most recent reserves claimed on line 66850.  66905  16 
 
 
C. Dispositions of property (other than QFFP and QSBCS) to your child
 
Amount of 2023 reserve for dispositions of family farm or fishing property to your child after 2014 (other than QFFP)
(line 66920 of Form T2017 for 2023)		 66910  17 
Amount of 2024 reserve for dispositions of family farm or fishing property to your child (other than QFFP) after 2015 and before June 25, 2024 66920 -  18 
Line 17 minus line 18 (if negative, show in brackets) =   +  19 
 
 
D. Dispositions of property under a QBT (other than QFFP and QSBCS)
 
Amount of 2024 reserve for dispositions of property under a QBT (other than QFFP and QSBCS) before June 25, 2024. Enter this amount as negative. 66935 +  20 
 
 
E. Dispositions of property other than dispositions described in A, B, C, and D above
 
Amount of 2023 reserve for dispositions of property after 2019, other than dispositions listed on lines 66883, and 66910
(line 66990 of Form T2017 for 2023)		  66960  21 
Amount of 2024 reserve for dispositions of property after 2020 and before June 25, 2024, other than dispositions listed on lines 66844, 66850, 66920, and 66935  66990 -  22 
Line 21 minus line 22 (if negative, show in brackets)   =   +  23 
 
Add lines 15, 19, 20, and 23 (if negative, show in brackets)   =  24 
 
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Part 2 - Dispositions of capital property before November 13, 1981
                       
Complete line 67030 only if you disposed of property before November 13, 1981, you have reported this reserve over the past 43 years, and you still have an amount to include in income.
 
Amount from line 24 of the previous page  25 
Amount of 2023 reserve for dispositions before November 13, 1981 (as reported in 2023)  67030 +  26 
Line 25 plus line 26.
Enter this amount on line 19199 of Schedule 3
(if negative, show in brackets)		 Period 1 reserve to be
included in income		  67060 =  27 
 

Period 2 - Reserves on dispositions of capital property after June 24, 2024

A. Dispositions of qualified farm or fishing property (QFFP)
 
Amount of 2024 reserve for dispositions of QFFP other than a QBT after June 24, 2024  28 
Amount of 2024 reserve for dispositions of QFFP under a QBT after June 24, 2024  66835 +  29 
Line 28 plus line 29  67055 =    30 
 
 
B. Dispositions of qualified small business corporation shares (QSBCS)
 
Amount of 2024 reserve for dispositions of QSBCS other than a QBT after June 24, 2024  31 
Amount of 2024 reserve for dispositions of QSBCS under a QBT after June 24, 2024  66837 +  32 
Line 31 plus line 32  67056 =   +  33 
 
 
C. Dispositions of property (other than QFFP and QSBCS) to your child
 
Amount of 2024 reserve for dispositions of family farm or fishing property to your child (other than QFFP) after June 24, 2024  67057 +  34 
 
 
D. Dispositions of property under a QBT (other than QFFP and QSBCS)
 
Amount of 2024 reserve for dispositions of property under a QBT (other than QFFP and QSBCS) after June 24, 2024. 66839 +  35 
 
 
E. Dispositions of property other than dispositions described in A, B, C, and D above
 
Amount of 2024 reserve for dispositions of property after June 24, 2024, other than dispositions listed on lines 67055, 67056, 67057 and 66839  67058 +  36 
 
Total of lines 30, 33, 34, 35, and 36
Enter this amount as negative on line 19200 of Schedule 3.		 Period 2 reserve  67059 =  37