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Vendor sold land in 2021 for $80,000. The transaction was of a capital nature. The adjusted cost base of the land was $45,000. Purchaser agreed

Vendor sold land in 2021 for $80,000. The transaction was of a capital nature. The adjusted cost base of the land was $45,000. Purchaser agreed to pay Vendor the $80,000 in 5 equal, annual instalments of $16,000 beginning in 2021. What would be the amount of the taxable capital gain Vendor would recognize in 2021?

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