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1 . On January 1 , 2 0 2 3 , Geoffrey purchased 2 2 5 0 shares of Ted Ltd . at $ 2

1. On January 1,2023, Geoffrey purchased 2250 shares of Ted Ltd. at $22 per share and 575 shares at $32 per share on February 5,2023. He sold 265 of these shares on July 20,2023 at $23 per share.
2. On September 30,2023, he purchased an additional 875 shares of Ted. Ltd. at $29 per share. On December 30,2023, he sold 293 Ted Ltd. shares at $65 per share.
3. Geoffrey owns 3300 shares of Baxter Ltd. with an adjusted cost base of $14 per share. On May 15,2023, he sells all 3300 Baxter Ltd. shares at $7 per share. On May 20,2023, he acquires 1295 shares of Baxter Ltd. at a cost of $4 per share and is still holding these shares at the end of the year.
4. On July 6,2023, Geoffrey sells a capital property (28 Malpass Road) with an adjusted cost base of $135000 for proceeds of disposition of $372000. In 2023, he receives $80,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in full ($292000) in five years. Assume that Geoffrey deducts the maximum capital gains reserve.
5. In October, 2022, Geoffrey sold a different capital property (17 Greenview Ave) with an adjusted cost base of $110000 for proceeds of disposition of $206000. In 2022, he received $75,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid at the rate of $2,500 per year beginning in 2023, until it is fully repaid. He receives the 2023 payment of $2,500 in full. Assume that Geoffrey deducts the maximum capital gains reserve in both 2022 and 2023.
6. Geoffrey purchased his first home in London, Ontario in 2012 at a cost of $51000. In 2016, he also purchased a cottage in Muskoka for $100000. In November, 2023, both properties are sold, the house for $195000 and the cottage for $181000. Both of these properties can qualify as a principal residence for him. He will designate the principal residence exemption in such a way that will minimize the taxable capital gains that he must report on the sale of these two properties.
7. Geoffrey owned a personal sailboat with an adjusted cost base of $33500. He sold it for $74500 in October 2023.
8. Geoffrey personally owned an oil painting that he purchased many years ago for $350. He sold it for $8100 in June 2023.
9. Geoffrey kept a bench on the front porch of his home which cost him $1600 several years ago. He sold it for $160 in January 2023.
Required: Determine the total net taxable capital gains included in paragraph 3(b) of Mr. Guo's divison B income. Respond on "P3- Response" tab. Final answers for each line item should be typed into the yellow boxes. Please show all your backup work in the designated green space for full marks.

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