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

On January $1,2023,$ Geoffrey purchased $2150$ shares of Ted Ltd$.$ at $$21$ per share and

$525$ shares at $$30$ per share on February $5,2023.$ He sold $255$ of these shares on July $20,$

$2023$ at $$23$ per share

On September $30,2023,$ he purchased an additional $850$ shares of Ted. Ltd$.$ at $$29$ per

share. On December $30,2023,$ he sold $282$ Ted Ltd$.$ shares at $$65$ per share.

Geoffrey owns $3200$ shares of Baxter Ltd$.$ with an adjusted cost base of $$13$ per

share. On May $15,2023,$ he sells all $3200$ Baxter Ltd$.$ shares at $$6$ per share. On May $20,$

$2023,$ he acquires $1265$ 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

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

an adjusted cost base of $$115000$ for proceeds of disposition of $$211000.$ 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 $$63000.$ In

$2016,$ he also purchased a cottage in Muskoka for $$100000.$ In November, $2023,$ both

properties are sold, the house for $$219000$ and the cottage for $$163000.$ 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 $$32000.$ He sold it

for $$72250$ 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 $$1700$ several

years ago. He sold it for $$205$ 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 boxes. Please show all your backup work in

the designated green space for full marks.