Work out the capital gain or loss on a completed or proposed disposition, for an individual, corporation or trust, then turn the result into a client-ready letter, not just a number on screen.
The calculation is only half the work. CodaraFlow finishes the explanation, the tables, and the client-ready letter.
The calculation is quick. The cost is the time around it: the circumstance the spreadsheet does not handle, the item a reviewer sends back, and the letter written afterwards. Those hours are the firm’s own to recover; the client’s timeline is unchanged.
Minimum tax is computed alongside the regular tax, and the other income already entered shapes the brackets, so neither surfaces for the first time at review. Finding one there means a send-back, a change, and a second review.
A co-owned property splits between owners before any relief, so each person’s deduction, losses and minimum tax are worked on their own share without a parallel calculation to reconcile.
Where proceeds arrive over time the reserve runs the full term and shows what spreading the gain costs against taking it now, so the client’s question is answered inside the same file.
How This Was Calculated opens beside the result, so a second pass checks the path rather than reverse-engineering the answer before signing off.
The same result can carry into a full advisory letter assembled from the firm’s reviewed sections.
This is one of the built-in calculations in CodaraFlow. Enter the property, the proceeds and the cost, and it computes the gain or loss, applies the available relief and deferrals, and estimates the resulting tax.
The number is not the deliverable. In CodaraFlow the result drops straight into a letter section: the firm’s approved wording, the computation tables, and the statutory notes that actually apply to this client, written in for you. Exported as an editable Word document on your letterhead.
The same reviewed explanation, not whatever the preparer types today.
The relief, recapture, and tax-estimate notes appear only when the file triggers them.
The disposition computation is laid out and footed automatically.
Finish it in Word, on your firm’s letterhead. No proprietary format.
Each part of the calculation ties to the section a reviewer would expect. The wording is firm-editable; the sections are fixed by the Act.
The taxable portion of a capital gain is the gain multiplied by the inclusion rate.
Shelters a qualifying gain by the deduction the individual claims on Form T657, capped at what the gain supports.
Deducted from the taxable gain before the capital gains deduction, at the amount claimed.
Where part of the price is not due until after the year, the gain is reported as the money arrives, with at least a fifth (a tenth on the ten-year term) brought into income each year. The reserve reduces the gain the year of sale recognizes.
An individual's sheltered gain can still attract minimum tax, recoverable against regular tax over the following seven years.
May shelter all or part of the gain for years designated as the taxpayer’s principal residence.
On depreciable property, capital cost allowance previously claimed may be recaptured as income (s. 13(1)), or a shortfall below the undepreciated capital cost may be a terminal loss (s. 20(16)).
A loss on personal-use property is denied.
For a corporation, the non-taxable portion of the gain adds to the capital dividend account and may generally be distributed tax-free by capital dividend election.
Where qualifying replacement property is acquired within the time limits, the gain may be deferred.
The estimated tax includes alternative minimum tax for an individual and reflects the other income and deductions entered for each owner. Where the firm’s rates are set as graduated brackets it applies the basic personal amount and any provincial surtax; where they are set as a top marginal rate it applies that rate throughout. It remains an estimate: it carries no personal credits beyond the basic personal amount, and excludes the OAS clawback.
Every calculator produces a planning estimate for a qualified practitioner to review. Renshi CodaraFlow does not give tax advice.
Get a working demo account, run this calculation on a real file, and export the letter it produces.
Everything is computed from the figures you enter and assembled from your firm’s approved wording. The app never connects to AI.
Editable Word documents on your firm’s letterhead. Monthly pricing, no long-term contracts.
No. It’s one of the built-in calculations inside CodaraFlow. The result becomes a client-ready letter section, complete with the computation table and the notes that apply, not just a figure you copy into a client letter.
Both. Run it on a disposition that has happened, or model one the client is considering.
Yes. Every sentence and every note is firm-editable, and can be overridden on an individual letter.
No. The app never connects to AI. Deliverables are assembled from structured facts and your firm’s approved wording.