Jeff Gold owned the following rental properties in 2022:

Property 1 with an original cost of land $100,000, building $85,000

Property 2 with an original cost of land $120,000, building $105,000

Net rental income for 2022 before CCA was $29,000.

The UCC on building 1, as of January 1, 2022 was $65,204.

The UCC on building 2, as of January 1, 2022 was $77,324.

Property 2 was sold during the year for $375,000 (land $200,000, building $175,000).

Jeff agreed to accept $180,000 of the proceeds in 2022, and the remainder in annual increments of $65,000 over a period of 3 years.

Required:

Assuming Jeff Gold will claim the maximum CCA allowed this year on his rental properties, calculate Jeffs net rental income for 2022.

Calculate the minimum taxable capital gains amount that Jeff Gold must include in his income under for 2022.