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Harim sold several personal assets during the year. The relevant information for all properties sold is shown below : Selling Proceeds Cost Expenses Tools $800

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Harim sold several personal assets during the year. The relevant information for all properties sold is shown below :
Selling
Proceeds Cost Expenses
Tools $800 $3,000 $50
Lawn mower $500 $1,200 $50
Personal Residence $675,000 $750,000 $25,000
Vintage Car $22,000 $500 $1,500
Antique Furniture $10,000 $3,000 $500
Which of the following amounts corresponds to the total taxable capital gain resulting from all the above transactions that must be included in the calculation of Net Income for the year under ITA 3(b):
A. -$38,250
B. $13,000
C. NIL
D. -$24,700
E. $354,150
F. -$38,150
G. $13,250
H. None of the choices shown.
Stored properties at the begynthos Acroperty the year roery Ahasa Unce of 1.500.000 and OCD of 500.000 Paythe Spot Property Chusa capital 00.000 with $100.000 do the land. There andre formes Da 5158000 550 000 530.000 2000 Rentals 19.00 517.000 35.000 -5192.000 1.000 527 000 4.000 598.000 with the amount of Abeto deduct intacting with your QAS000 - 500.000 OC 30.000 031100 OL 163.000 0655000 OGICA deducted on rental properties O 12.000

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