HandiTax lets you enter capital gains and losses directly into the Capital Gains Worksheet without needing to list each transaction. This is useful when you track your taxpayer’s capital gains events in a spreadsheet and want to enter summary figures. You can then use the automatic transfer feature to send the totals to the Capital Gains Tax Schedule.
Use Discount/Indexation? needs to be completed (where applicable), to enable the program to calculate and transfer the correct amount to the Capital Gains Tax Schedule. Enter D for Discount or I for Indexation, or leave the field blank will transfer the amount to Other Capital Gains.
Net Capital Gains manual entry - Enter the description, Asset category - (S, X, U, Y, R, Z, T, C, O, or D), Net Capital Gain/Loss amount, L if the amount is a loss.
The Application of Losses section also needs to be completed (where applicable), to enable the program to allocate the available capital losses against any capital gains made during the course of the year.
