Ken's friend, Marta, owned a cottage in Sudbury Ontario. She had paid $184598 for it. When she
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Question:
Ken's friend, Marta, owned a cottage in Sudbury Ontario. She had paid $184598 for it. When she died, the cottage was worth $455739. In her will, she transferred the cottage to him. After Marta died, Ken kept the cottage for a few years. Then he sold the when the fair market value was $683368.
What is Ken's Taxable Capital Gain when he sells the cottage?
Round to thenearestdollar.
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