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In 2 0 2 3 , Daisey Wheeler reached a place in life where she decided to spend some time traveling the world. In order

In 2023, Daisey Wheeler reached a place in life where she decided to spend some time traveling the world. In order to do so, she sold the following assets.
\table[[Asset,Fair Market Value,Original Cost,Disposal costs],[Cottage,250,000,150,000,15,000],[Sailboat,100,000,50,000,0],[Snowmobile,5,000,10,000,0],[Automobile,20,000,35,000,0],[Antique table,1,250,500,0],[Jewellery,5,000,3,000,0],[Coin collection,1,500,500,0],[Rare book manuscript,5,000,6,000,0],[Shares of AC1350 Inc.,2,000,5,000,0]]
The cottage is a property that she purchased in 2014 and lived in until 2018 when she purchased a home in Flatrock. The home in Flatrock has appreciated significantly in value since she purchased it so she plans to designate it as her principal residence for the years from 2018 onward.
In order to sell the sailboat, Daisy had to sell it on a payment plan where she received $25,000 in 2023 with $25,000 to be received in 2024,2025, and 2026.
Daisy has returned home to get her taxes for 2023 completed and she has heard that you are a preeminent authority on the taxation of capital gains in Canada so she has come to you to get her taxes completed.
Calculate the amount of taxable capital gain that Daisy will be required to report on her 2023 personal income tax return.
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