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David receives $125,000 from the sale of his cottage. He also owns a home in the city that he considers his primary residence. His

 

David receives $125,000 from the sale of his cottage. He also owns a home in the city that he considers his primary residence. His adjusted cost base was $25,000 and the capital gains inclusion rate is 50%. What is David's taxable capital gain? (2 pts)

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