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An individual sold the following assets this year. Sale price Cost Selling cost Painting . . . . . . . . . . .

An individual sold the following assets this year.

Sale price Cost Selling cost

Painting . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $2,000 $ 300 $100

Antique clock . . . . . . . . . . . . . . . . . . . . . . . . . . .12,000 250 20

Antique chair . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 750 500 15

Gold Coin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .600 1,000 10

Mr. Individual has an unclaimed capital loss on listed personal property of $500 arising three years ago. All these assets were purchased within the last 10 years.

 Required: Calculate the net taxable capital gains for Mr. Individual based on Canadian taxation.

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