Mr$.$ Smith died on June $30$ of this year and left his entire estate to his son, Mark. His

executor has provided you with a list of assets and their fair market value at the date

of death. What is the amount that must be included in Mr$.$ Smith's Division B income

for the year of death?

List of Assets

Toronto home $($sole

principal residence during

past $23$ years$)$

Rental property in London,

Ontario

$-$Land

$-$Building $($UCC: $$3000)$

Mutual funds units

Shares of a public

companies

Cost Fair Market Value

$$342000,$$$851000$

$$45000,$$$146000$

$$23000,$$$38000$

$$12000,$$$66000$

$$82000,$$$116000$