Individual C owns all of the shares of Cee Ltd., a Canadian-controlled private corporation holding investments in marketable securities. Individual D owns all of the shares of Dee Ltd., a Canadian-controlled private corporation. Dee Ltd. purchased all of the shares of Cee Ltd. from C for $800,000 cash. The Cee Ltd. shares have a PUC and ACB of $200,000. C and D are sisters. Determine C's taxable income from the sale of shares to Dee Ltd. The balance in the GRIP account is nil.