Sharon Sutherland owned a home in Toronto, Ontario, a ski chalet in Whistler, British Columbia, and a condominium in Florida, U.S., until June 15, 2022, when she sold all three properties and moved into a seniors residence. She provides the following information with respect to the properties:

PropertyYear acquiredCostSelling price(net of commission and other selling costs)Home2015$700,000$ 900,000Condo2018300,000500,000Chalet2018200,000350,000

For the years that Sharon owned each property, she ordinarily inhabited it at some time in the year. She tended to spend the winter in Florida, the summer in Toronto, and the fall in Whistler.

Required:

a. Determine the minimum taxable capital gain to be reported by Sharon on the sale of the three properties. (Enter all amounts as positive numbers.)

Number of years owned Gain per year Proceeds Adjusted cost base Gain Principal residence exemption Capital gain Taxable capital gain Minimun taxable capital gain