This is for an Income Tax course question

In 2022, Solomon Kitto reached a place in life where he decided to spend some time travelling the world. In order to do so, he sold the following assets. The cottage is a property that he purchased in 2008 and lived in until 2012 when he purchased a home in Portugal Cove-St. Philips (PCSP). The home in PCSP has appreciated significantly in value since he purchased it so he plans to designate it as his principal residence for the years from 2013 onward. In order to sell the antique car, Solomon had to sell it on a payment plan where he received $40,000 in 2022 with $20,000 to be received in 2023,2024 , and 2025 . Solomon has returned home to get his taxes for 2022 completed and he has heard that you are a preeminent authority on the taxation of capital gains in Canada so he has come to you to get his taxes completed. Calculate the amount of taxable capital gain that Solomon will be required to report on his 2022 personal income tax return. Workings: In 2022, Solomon Kitto reached a place in life where he decided to spend some time travelling the world. In order to do so, he sold the following assets. The cottage is a property that he purchased in 2008 and lived in until 2012 when he purchased a home in Portugal Cove-St. Philips (PCSP). The home in PCSP has appreciated significantly in value since he purchased it so he plans to designate it as his principal residence for the years from 2013 onward. In order to sell the antique car, Solomon had to sell it on a payment plan where he received $40,000 in 2022 with $20,000 to be received in 2023,2024 , and 2025 . Solomon has returned home to get his taxes for 2022 completed and he has heard that you are a preeminent authority on the taxation of capital gains in Canada so he has come to you to get his taxes completed. Calculate the amount of taxable capital gain that Solomon will be required to report on his 2022 personal income tax return. Workings