Because it is difficult to determine all of the situations where a corporation is subject to Part XIV tax, a question has been added to the form. This question displays on screen only and is located above Section 1. If the corporation is subject to Part XIV tax, answering “Yes” to the question will allow you to print the form with your return.
Taxable Capital Gains (Deductible Losses) from a Disposition of a Taxable Canadian Property
The amounts calculated on lines 103 and 104 must exclusively be from taxable Canadian property. For calculation purposes, the program assumes that the gains (losses) entered in Schedule 6 are from Canadian sources. Otherwise, subtract from these amounts the taxable capital gains (deductible losses) from the disposition of foreign property and enter on those lines the results obtained using an override.
See also