Capital Gains on Gifts of Certain
Capital Property 		T1170

Use this form if you donated any of the following types of properties to a registered charity or other qualified donee in 2023:
  • a share, debt obligation, or right listed on a prescribed stock exchange
  • a share of the capital stock of a mutual fund corporation
  • a unit of a mutual fund trust
  • a prescribed debt obligation
  • an interest in a related segregated fund trust
  • certified ecologically sensitive land (including a covenant, an easement or, for land in Quebec, a real servitude or, under certain conditions, a personal servitude) where it is gifted to certain qualified donees

If there is no advantage in respect of the gift, the full amount of the capital gain realized on the gift is eligible for an inclusion rate of zero. However, if there is an advantage, only a portion of the capital gain is eligible for the inclusion rate of zero. The remainder is subject to an inclusion rate of 50%.

In certain circumstances, an inclusion rate of zero may be applied to any capital gain realized on the exchange of a share of the capital stock of a corporation for a property listed in any of the first five bullets above that is gifted within 30 days of the exchange. In cases where the exchanged property is a partnership interest (other than a prescribed interest in a partnership), a special calculation is required to determine what the capital gain will be. This amount should be reported directly at line 17400 of Schedule 3.

You may donate property to a qualified donee that is at the time of the donation included in a flow-through share class of property. At that time, you may also have an exemption threshold in respect of the flow-through share class of property. If this is the case, you may be deemed to have an additional capital gain from the disposition of another capital property subject to an inclusion rate of 50%.

You or your spouse or common-law partner may be able to claim a non-refundable tax credit for these gifts.

For more information, see Pamphlet P113, Gifts and Income Tax.


Include this form with your return. If you need more space, attach a separate sheet of paper.

Dispositions in 2023
 
Shares and rights that are publicly traded, other shares, segregated fund units and mutual fund units   (7) (8)
Number Name of fund or corporation and class of shares (1)
Year of acquisition		 (2)
Proceeds of disposition		 (3)
Adjusted cost base		 (4)
Outlays and expenses (from dispositions)		 (5)
Gain (or loss)
(col 2 - col 3 and 4)		 (6)
Eligible amount of gift		 Gain eligible for 0% inclusion rate (col 5 x col 6 / col 2) Gain subject to 50% inclusion rate (col 5 - col 7)
Total 68220 Total 68230  1 
 
Bonds and debentures that are publicly traded, and other properties (7) (8)
Face value Maturity date Name of issuer (1)
Year of acquisition		 (2)
Proceeds of disposition		 (3)
Adjusted cost base		 (4)
Outlays and expenses (from dispositions)		 (5)
Gain (or loss)
(col 2 - col 3 and 4)		 (6)
Eligible amount of gift		 Gain eligible for 0% inclusion rate (col 5 x col 6 / col 2) Gain subject to 50% inclusion rate (col 5 - col 7)
Total 68240 Total 68250  2 
 
Certified ecologically sensitive land (including a covenant, an easement or, for land in Quebec, a real servitude or, under certain conditions, a personal servitude)   (7) (8)
Address or legal description of land (1)
Year of acquisition		 (2)
Proceeds of disposition		 (3)
Adjusted cost base		 (4)
Outlays and expenses (from dispositions)		 (5)
Gain (or loss)
(col 2 - col 3 and 4)		 (6)
Eligible amount of gift		 Gain eligible for 0% inclusion rate (col 5 x col 6 / col 2) Gain subject to 50% inclusion rate (col 5 - col 7)
Total 68251 Total 68252  3 
Notes:  
1. Include the amount from line 1 of column 8 in the total on line 13200 of Schedule 3.
2. Include the amount from line 2 of column 8 in the total on line 15300 of Schedule 3.
3. Include the amount from line 3 of column 8 in the total on line 13800 of Schedule 3.