An ITA 40(1)(a)(iii) capital gains reserve can be deducted by a taxpayer in the current taxation year only if the: Choose the correct answer A. Capital gain incurred on the disposition is in excess of a certain threshold amount. B. Total proceeds of disposition have not been received in the current taxation year C. Number of preceding tax years since disposition of the particular asset is at least five. D. Total proceeds of disposition have been received in the current taxation year