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 leave in the Ottawa house during the year, but has spent her summer in the Westport cottage. Determine the minimum capital gain that she must report on the 2020 sale of the two properties. Question: What is Ms. Sadat minimum capital gain that she must report on the 2020 sale of her two properties is