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Section 216 Schedule 3 and capital gains tax

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Hello fellow filers and experts:

I am doing a Sec 216 return with 3 rental properties disposed. I have 2 questions. 

Why is only one property, which had a capital gain, included on the generated Schedule 3? The two with losses are missing. 

And after capital gains are calculated and transferred to line 12700, what happens with that amount? It does not seem to be used anywhere further to calculate tax. 

Thank you. 


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Hello redbeer,

Please contactg the CRA and refer to the links below.

T4144: Income Tax Guide for Electing under Section 216

This guide contains information needed to elect under section 216 of the Income Tax Act as well as general information for non-residents receiving Canadian-source rental income. This guide is for you if you were a non-resident of Canada for all or part of 2023


Information Circular IC72-17R6 - Procedures concerning the disposition of taxable Canadian property by non‑residents of Canada – Section 116



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