During June, 2020, Ms. Janet Houston sells a capital asset with an adjusted cost base of $112,500, for proceeds of $172,300. She receives $33,000 of this amount in cash, with the balance due at the end of the following year. What is the minimum amount that she will have to include in her 2020 Net Income For Tax Purposes as a result of this transaction?

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The Answer of During June, 2020, Ms. Janet Houston sells a capital asset with an adjusted cost base of $112,500, for proceeds of $172,300. She receives $33,000 of this amount in cash, with the balance due at the end of the following year. What is the minimum amount that she will have to include in her 2020 Net Income For Tax Purposes as a result of this transaction?