Your employer has made several transactions for the company's assets for the year 2017. The tax rate is 30% and the company's fiscal year-end is December 31. At the start of 2017, the company had a warehouse classified in Category 3 "Building" with a depreciation rate of 3% and a start-of-period UCC of $ 200,000. The land on which the warehouse is built was purchased for $ 200,000. On June 1, 2017, the company sold its only warehouse for $ 500,000. This warehouse was acquired at a price of $ 400,000 with a 10% tax credit. The land was also sold on the same date for $ 100,000.

Evaluate the tax impact of these transactions.