Jeff disposed of two residential properties during the year. The details of the dispositions are as follows:

Proceeds Cost Years Owned

Cottage $550,000 $250,000 2015-2019

House $750,000 $300,000 2010-2019

What is the minimum taxable capital gain that must be included in Jeff's 2019 personal tax return?

(a) $67,500

(b) $45,000

(c) $30,000

(d) $15,000