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Juanita Olsen purchased a home in 2015 for $150,000 and a cottage in 2019 for $100.000 Due to a rise in real estate prices, Jaanita
Juanita Olsen purchased a home in 2015 for $150,000 and a cottage in 2019 for $100.000 Due to a rise in real estate prices, Jaanita decided to sell both properties and travel for a year. Both properties were sold en October of 2023. Juanita received proceeds of $375,000 for the house, and $250,000 for the cottage Required Calculate the minimum taxable capital gain that Juanita will report for the house and cottage for the 2023 tax year Show all calculations, identifying the taxable capital gain for each property
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