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What is the minimum taxable capital gain

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Problem - B sold capital property in the current year for net proceeds of $800,000. The property has an adjusted cost base of $300,000. B received $500,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following three years. What is the minimum taxable capital gain to be reported in the current year?

Reference no: EM132750093

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