Canadian Taxation: B sold capital property in the current year for net proceeds of $800,000. The property has an adjusted cost base of $300,000. B received $500,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following three years. What is the minimumtaxablecapital gain to be reported in the current year?

Answer was not 8000 FYI.