This year, Gary, gave you the following Asset transactions from the sale of his business:

InVoluntary Disposal

Proceeds

Cost

UCC

Building

$300,000

$100,000

$70,000

Land

$100,000

$50,000

-

Equipment Class 8

$40,000

$30,000

$10,000

Gary repurchases, this year, New Building for $300,000 and New Land for $100,000 and New Equipment for $40,000.

Applying the Defer Capital Gains Section 44, Please calculate Gary's Maximum "Deferred "Capital Gain on the Building Only, this year?

2-

Chantal sold her principal residences this year (2019), her only home with the following data.

	Toronto Home
Purchase Date	2014
Proceeds Received	$200,000
Cost	$100,000

Assume that Chantal left her home to live in London, England, for qualified employment related reasons from 2016 to 2018 (3 years). During the 3 years Chantal was living in

London, England, she rented her Toronto Home for Commercial Rent. Chantal returned to live in her Toronto home on January 1, 2019.

The minimum Capital Gain, only, on the selling of the home in 2019?

3- Jane passes away in 2019 and leaves the following assets to her Spouse and son, Fred who is 25 years old:

Janes Legal and Final Will directed the Assets as follows:

	To the Spouse	To the Son
Rental Property in Toronto, Ont.
Building Fair Market Value (FMV)		$100,000
Building Cost		$50,000
Building UCC		$20,000
Land FMV		$50,000
Land Cost		$10,000
Public Company AAA Shares
FMV	$30,000
Cost	$10,000
Public Company BBB Shares
FMV		$40,000
Cost		$10,000

Required:

Please calculate Jane's, the deceased, minimum income tax reporting on the Building, Only, given the information above?