D sold capital property in the current year for net proceeds of $700,000. The property has an adjusted cost base of $300,000. B received $60,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following eight years. What is the minimum taxable capital gain to be reported in the current year?

D sold capital property in the current year for net proceeds of $700,000. The property has an adjusted cost base of $300,000. B received $60,000 at the time of the sale and a note for the balance to be paid in equal annual instalments over the following eight years. What is the minimum taxable capital gain to be reported in the current year? $