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What is the minimum taxable capital gain

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Max disposed of two residential properties during the year.  The details of the dispositions are as follows:

Proceeds.....................Cost....................Years Owned

Cottage..........................................$550,000.....................$250,000...............2017-2021

House...........................................$750,000......................$300,000...............2012-2021

What is the minimum taxable capital gain that must be included in Max's 2021 personal tax return?

Reference no: EM133198187

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