Instructions:

Mr$.$ Geoffrey Guo had a variety of transactions during the $2023$ year. Determine the total

taxable capital gains included in Mr$.$ Guo's division B income. The transactions included:

On January $1,2023,$ Geofrey purchased $2250$ shares of Ted Ltd$.$ at $$22$ per share and

$575$ shares at $$32$ per share on February $5,2023.$ He sold $265$ of these shares on July $20.$

$2023$ at $$23$ per share.

On September $30,2023,$ he purchased an additional $875$ shares of Ted. Ltd$.$ at $$29$ per

share. On December $30,2023,$ he sold $293$ Ted Ltd$.$ shares at $$65$ per share.

Geoffrey owns $3100$ shares of Baxter Ltd$.$ with an adjusted cost base of $$12$ per share.

On May $15,2023,$ he sells all $3100$ Baxter Ltd$.$ shares at $$5$ per share. On May $20,2023,$ he

acquires $1220$ shares of Baxter Ltd$.$ at a cost of $$4$ per share and is still holding these

shares at the end of the year.

On July $6,2023,$ Geoffrey sells a capital property $(28$ Malpass Road$)$ with an adjusted

cost base of $$146000$ for proceeds of disposition of $$376000.$ In $2023,$ he receives

$$80,000$ in cash, along with the purchaser's note for the balance of the proceeds. The

note is to be repaid in full $($$$296000)$ in five years. Assume that Geoffrey deducts the maximum capital gains reserve.

In October, $2022,$ Geoffrey sold a different capital property $(17$ Greenview Ave$)$ with an

adjusted cost base of $$120000$ for proceeds of disposition of $$209000.$ In $2022,$ he

received $$75,000$ in cash, along with the purchaser's note for the balance of the proceeds.

The note is to be repaid at the rate of $$2,500$ per year beginning in $2023,$ until it is fully

repaid. He receives the $2023$ payment of $$2,500$ in full. Assume that Geoffrey deducts the

maximum capital gains reserve in both $2022$ and $2023.$

Geoffrey purchased his first home in London, Ontario in $2012$ at a cost of $$75000.$ In

$2016,$ he also purchased a cottage in Muskoka for $$100,000.$ In November, $2023,$ both

properties are sold, the house for $$207000$ and the cottage for $$173000.$ Both of these

properties can qualify as a principal residence for him. He will designate the principal

residence exemption in such a way that will minimize the taxable capital gains that he must

report on the sale of these two properties.

Geoffrey owned a personal sailboat with an adjusted cost base of $$33500.$ He sold it

for $$74500$ in October $2023.$

Geoffrey personally owned an oil painting that he purchased many years ago for $$450.$

He sold it for $$9100$ in June $2023.$

Geoffrey kept a bench on the front porch of his home which cost him $$1800$ several

years ago. He sold it for $$260$ in January $2023.$

Required: Determine the total net taxable capital gains included in paragraph $3($b$)$ of Mr$.$

Guo's divison $B$ income. Respond on $"$P$3-$ Response" tab. Final answers for each line

item should be typed into the yellow boses. Please show all your backup work in the

designated green space for full marks.