Proceeds of Disposition - (Adjusted Cost Base + Outlays and Expenses) = Capital Gain/Loss
The definitions of the 3 goes as follows:
Proceeds of Disposition: Usually the amount you received or will receive for your property. In most cases, it refers to the sale price of the property. This could also include compensation you received for property that has been destroyed, expropriated, or stolen.
Adjusted Cost Base:
Usually the cost of a property plus any expenses to acquire it, such as commissions and legal fees.
The cost of a capital property is its actual or deemed cost, depending on the type of property and how you acquired it. It also includes capital expenditures, such as the cost of additions and improvements to the property. You cannot add current expenses, such as maintenance and repair costs, to the cost base of a property.
Outlays and Expenses:
Amounts that you incurred to sell a capital property. These types of expenses include fixing-up expenses, finders' fees, commissions, brokers' fees, surveyors' fees, legal fees, transfer taxes, and advertising costs.