Anouk sold her cottage for $260,000 in september 2020. the cottage cost her $100,000 in 2013 and qualifies as a principal residence. the only principal residence that anouk has owned during her lifetime was her Montreal home,which she owned from 2011 to 2019.she claimed the maximum principal residence exemption on her Montreal home.

compute the minimum taxable capital gain that Anouk must report on her 2020 tax return in respect of the sale of the cottage.