Hari Hassan was the sole owner of a Toronto-based retailer of flooring, the Floors 4U Corporation. Hari started the flooring company in 1973 paying ten thousand dollars for the initial share capital. He estimates that his interest in the company could be sold for $2.8 million net of business broker commissions. If the business was sold using the income tax rules as of 2022 what would be his income tax payable? Assume that Hari's combined Ontario and Federal personal income tax rate is 53.53%