Your client has the following properties which they have disposed of in 2020.

	ACB	Proceeds
Boat	$ 1,000	$ 1,800
Jewelry	$ 600	$ 1,300
Sculpture	$ 3,600	$ 700
Freezer	$ 250	$ 650
Shares - public company	$ 17,000	$ 21,000
Shares - private company	$ 15,000	$ 12,000

The client has a listed personal property (LPP) loss carryover from three years prior of $1,100 (100%).

Required:

Determine and discuss the tax implications of the transactions for 2020