A) Moving to another question will save this response. in Question 5 of 12 lestion 5 5 points On April 1 of this year, Mr. X sold a parcel of land, a capital property with an adjusted cost base of $100,000, for $600,000. The $600,000 proceeds were payable in the form of a mortgage, with principal payments of $90,000 due every six months, starting on October 1 of this year. Required: What is the minimum taxable capital gain that Mr. X must report in the current year using the capital gain reserve provision? A Moving to another question will save this response. (5) Question 6 of 12 Question 6 Gary Chin purchased his first and only principal residence in 2004 for $350,000. The residence was in Toronto, and when he was transferred to Windsor because of a promotion to managing partner in 2015 , he rented the residence. The residence was worth $550,000 in 2015 and he elected to be deemed ITA: 45(2) not to have changed the use of the residence. Gary rented an apartment in Windsor with the expectation of moving back into his Toronto residence on retirement. On January 1,2021. Gary received an unsolicited offer of $850,000 for the Toronto residence and sold it. Which of the following is a true statement? A. There is no capital gain to report in 2015 in respect of the principal residence. The taxable capital gain is $13,889 in 2021 in respect of the principal residence. B. There is no taxable capital gain to report in 2015 or 2021 in respect of the principal residence. c. The taxable capital gain is $100,000 in 2015 and $150,000 in 2021 in respect of the principal residence. D. The taxable capital gain is $250,000 in 2021 in respect of the principal residence. 4. Moving to another question will save this response. estion 9 Gloria owned a non-residential building, purchased in 2019 , the original cost of which was $400,000, plus $150,000 for the cost of land The UCC value of the building was $360,000, and the land and building were sold for $750,000 in 2021 . The split the taxpayer used between land and building was $300,000 for building and $450,000 for land. Required: Assuming that Gloria wishes to minimize her taxes, what are the tax implications regarding the sale