In early $2023,$ Miss Mary Stern advises you that it is her intention to sell both her Ottawa residence and

her condominium at Mt$.$ Tremblant, Quebec. She acquired both of these properties in $2009$ and has spent

at least a part of each subsequent year in residence at each property. The cost of the Ottawa house was

$$173,000,$ while the Mt$.$ Tremblant condominium was $$131,000.$ She provides you with the following

additional information:

City Home Condo

Estimated selling price $$325,000$ $$304,000$

Anticipated selling costs $13,50012,240$

She has asked you to determine the minimum taxable capital gain that would result from the sale of the

two properties during $2023.$

Required: Describe how the residences should be designated to accomplish Miss Stern$$s goal. Calculate

the amount of the taxable capital gain that would arise under the designation that you have

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