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In 2021, Pat King sold a piece of land that had an adjusted cost base of $100,000 for proceeds of disposition of $180,000. He

 

In 2021, Pat King sold a piece of land that had an adjusted cost base of $100,000 for proceeds of disposition of $180,000. He received $60,000 in cash and the remaining $120,000 will be paid in two instalments of $60,000 each in 2022 and 2023. What is the minimum capital gain Pat needs to report in 2021?

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