On November 25, 2018 Ann sold 90 shares of ABC Ltd., an eligible small business corporation for $ 32. She purchased these shares in 2017 for $ 28 per share. On December 15, 2018 she reinvested the proceeds by buying 96 shares of XYZ Ltd. for $40 per share. XYZ Ltd. is also an eligible small business corporation so she was able to use the ITA 44.1 election to defer the 2018 gains. Ann sold all of the XYZ Ltd. shares on July 5, 2019 for $ 52 per share. Her taxable capital gain for 2019 is: