Subject: Sale Of Principal Residence Ms. Jan Sadat owns a house in Ottawa as well as a cottage in Westport. She purchased the house in 2009 for $126,000. The cottage was gifted to her in 2012 by her parents. At the time of the gift, the fair market value of the cottage was $85,000. During June 2020, both properties are sold, the house for $198,000 and the cottage for $143,500. She has lived in the Ottawa house during the year, but has spent her summers in the Westport cottage. Determine the minimum capital gain that she must report on the 2020 sale of the two properties.

Subject: Identical Properties Ms. Chantal Montrose makes frequent purchases of the common shares of Comco Inc. During 2019, she purchased 650 shares at $23.50 per share on January 15, and 345 shares at $24.25 per share on March 12. She sold 210 shares on September 15, 2019, at $25.50 per share. On February 14, 2020, she purchases an additional 875 shares at $26.75 per share, and on October 1, 2020, she sells 340 shares at $29.50 per share. Determine Ms. Montroses taxable capital gains for 2019 and 2020.

Question:1. Ms. Montrose's 2020 taxable gain is ?

2. Ms. Montrose's 2019 taxable gains is?

3. Ms. Sadat's minimum capital gain that she must report on the 2020 sale of her two properties is?