Determine the total net taxable capital gains included in paragraph 3(b) of Mr. Guo's division B income. (Ontario, Canada)

Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1, 2019, Geoffrey purchased 2200 shares of Ted Ltd. at $26 per share and 550 shares at $32 per share on February 5, 2019. He sold 260 of these shares on July 20, 2019 at $23 per share. 2. On September 30, 2019, he purchased an additional 875 shares of Ted. Ltd. at $29 per share. On December 30, 2019, he sold 290 Ted Ltd. shares at $65 per share. 3. Geoffrey owns 3200 shares of Baxter Ltd. with an adjusted cost base of $13 per share. On May 15, 2019, he sells all 3200 Baxter Ltd. shares at $6 per share. On May 20, 2019, he acquires 1250 shares of Baxter Ltd. at a cost of $4 per share and is still holding these shares at the end of the year. 4. On July 6, 2019, Geoffrey sells a capital property (28 Malpass Road) with an adjusted cost base of $130000 for proceeds of disposition of $370000. In 2019, he receives $80,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in full ($290000) in five years. Assume that Geoffrey deducts the maximum capital gains reserve. 5. In October, 2018, Geoffrey sold a different capital property (17 Greenview Ave) with an adjusted cost base of $120000 for proceeds of disposition of $205000. In 2018, he received $75,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid at the rate of $2,500 per year beginning in 2019. He receives the 2019 payment of $2,500 in full. Assume that Geoffrey deducts the maximum capital gains reserve in both 2018 and 2019. 6. Geoffrey purchased his first home in London, Ontario in 2008 at a cost of $63000. In 2012, he also purchased a cottage in Muskoka for $100000. In November, 2019, both properties are sold, the house for $219000 and the cottage for $164000. Both of these properties can qualify as a principal residence for him. He will designate the principal residence exemption in such a way that will minimize the taxable capital gains that he must report on the sale of these two properties. 7. Geoffrey owned a personal sailboat with an adjusted cost base of $33000. He sold it for $74000 in October 2019. 8. Geoffrey personally owned an oil painting that he purchased many years ago for $350. He sold it for $8000 in June 2019. 9. Geoffrey kept a bench on the front porch of his home which cost him $1800 several years ago. He sold it for $250 in January 2019. Mr. Geoffrey Guo had a variety of transactions during the 2019 year. Determine the total taxable capital gains included in Mr. Guo's division B income. The transactions included: 1. On January 1, 2019, Geoffrey purchased 2200 shares of Ted Ltd. at $26 per share and 550 shares at $32 per share on February 5, 2019. He sold 260 of these shares on July 20, 2019 at $23 per share. 2. On September 30, 2019, he purchased an additional 875 shares of Ted. Ltd. at $29 per share. On December 30, 2019, he sold 290 Ted Ltd. shares at $65 per share. 3. Geoffrey owns 3200 shares of Baxter Ltd. with an adjusted cost base of $13 per share. On May 15, 2019, he sells all 3200 Baxter Ltd. shares at $6 per share. On May 20, 2019, he acquires 1250 shares of Baxter Ltd. at a cost of $4 per share and is still holding these shares at the end of the year. 4. On July 6, 2019, Geoffrey sells a capital property (28 Malpass Road) with an adjusted cost base of $130000 for proceeds of disposition of $370000. In 2019, he receives $80,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid in full ($290000) in five years. Assume that Geoffrey deducts the maximum capital gains reserve. 5. In October, 2018, Geoffrey sold a different capital property (17 Greenview Ave) with an adjusted cost base of $120000 for proceeds of disposition of $205000. In 2018, he received $75,000 in cash, along with the purchaser's note for the balance of the proceeds. The note is to be repaid at the rate of $2,500 per year beginning in 2019. He receives the 2019 payment of $2,500 in full. Assume that Geoffrey deducts the maximum capital gains reserve in both 2018 and 2019. 6. Geoffrey purchased his first home in London, Ontario in 2008 at a cost of $63000. In 2012, he also purchased a cottage in Muskoka for $100000. In November, 2019, both properties are sold, the house for $219000 and the cottage for $164000. Both of these properties can qualify as a principal residence for him. He will designate the principal residence exemption in such a way that will minimize the taxable capital gains that he must report on the sale of these two properties. 7. Geoffrey owned a personal sailboat with an adjusted cost base of $33000. He sold it for $74000 in October 2019. 8. Geoffrey personally owned an oil painting that he purchased many years ago for $350. He sold it for $8000 in June 2019. 9. Geoffrey kept a bench on the front porch of his home which cost him $1800 several years ago. He sold it for $250 in January 2019