On April 1, 2005, Catherine purchased a condominium in Horseshoe Valley, Ontario, for $30,000. She lived in the condominium until she married in August 2009. At that time, she moved into a rented apartment in north Toronto, Ontario, with her new husband. She commenced to rent her condominium in late 2009, at which time it was valued at $45,000. In December 2018 she sold the condominium for $80,000 to generate some cash to pay for a new house. Assuming that Catherine elected under subsection 45(2) in respect of the condominium in 2009, what is the approximate minimum taxable capital gain that she will realize in 2018 on the sale?

	$11,905
	$7,143
	$9,524
	$50,000