Property

Do any of the following apply to you in respect of the income/ gain property?

Do any of the following apply to you in respect of the income/ gain property?

  • Are you under 25 years old and received the property as a result of the death of your parent?
  • Are you under 25 years old and received the property as a result of the death of any person and you are enrolled as a full-time post-secondary student or entitled to disability tax credit?
  • Was the property transferred to you in respect of a separation agreement or judgment resulting from a breakdown of a marriage or common-law partnership?
  • Was the taxable capital gain the result of a deemed disposition on the death?
  • Was the taxable capital gain the result of a disposition on the death?
  • Was the taxable capital gain the result of a disposition of qualified farm or fishing property or qualified small business corporation shares (unless you are under age 18 and the disposition is to a non-arm’s length person?
  • Is your spouse 65 or older (or deceased) – and if so, the amount were to be received by your spouse, would the split income have been excluded from TOSI under this flow chart?

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