Brittany sold capital property in 2023 for proceeds of $800,000. The property has an adjusted cost base of $300,000. Brittany received $200,000 of the proceeds at the time of the sale and a note for the balance of $600,000 to be paid in equal annual instalments starting January 10, 2024. What is the minimum taxable capital gain to be reported in 2023?

Answer rating: 100% (QA)

To calculate the minimum taxable capital gain to be reported by Brittany in 2023 we need to consider ... View the full answer