Sacha owned two residential properties. He lived in both properties on a regular basis. He sold both properties on January 21, 20X9.

	Date of Purchase	Cost	Selling Price
City home	20X1	$300,000	$390,000
Cottage	20X7	$100,000	$145,000

What will be his minimum total taxable capital gain on the disposition of the two residences?

Question 4 options:

1)

$ 10,000

2)

$ 5,000

3)

$ 20,000

4)

$135,000