2. Auston Matthews, who lives in Toronto, is considering a move to Phoenix. He wants to discuss the tax consequences of disposing of his residences in April 2019. He is single and ordinarily inhabits each of the residences for several months each year. He has never used his principal residence exemption The following information relates to the proposed 2019 dispositions: Residence Condo in Toronto.. Cottage in Muskoka. Vacation home in Miami... Year of purchase 2012 2014 Cost $260,000 234,000 250,000 Selling price $340,000 248,000 340,034 2017 Required: Auston has asked you to calculate the minimum amount of taxable capital gains that he will have to report in 2019