Ms. Cello and Natasha decide to sell their home in Vancouver and move permanently to their home on Bowen Island. They purchased this home in 2005 for $318,600, and there have been no adjustments to the cost base. The home is sold for $606,000, and they incur real estate commissions of $21,500.

As the Bowen Island cabin has also increased in value, they are choosing to designate the Vancouver property for eight of the years owned.

Determine the taxable Capital Gain