Tiny Nurseries Ltd.is a Canadian controlled private corporation operating in your province.The company has a December 31^st year-end.
Three asset sales occurred prior to the end of 2019.
Asset 1: Building
The building was previously purchased for $90,000.At the time of the sale in 2019, the accumulated amortization on the building was $10,000.The UCC balance was $65,000.The full payment of $110,000 was received before the end of the year.
Asset 2: Land
The land was purchased for $200,000 and sold in 2019 for $250,000.The terms of the sale included $60,000 which was received in 2019, with eight equal installments to follow beginning in 2020.
Asset 3: Marketable Securities
The company sold its entire public portfolio in 2019.The adjusted cost base of the shares was $100,000.The market value of the shares at the time of sale in 2019 was $135,000.Selling costs on the sale were $5,000.
Required:
A) Calculate Tiny Nurseries Ltd.'s minimum taxable capital gain for 2019.
B) Calculate Tiny Nurseries Ltd.'s minimum taxable capital gain for 2020.

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The Answer of Tiny Nurseries Ltd.is a Canadian controlled private corporation operating in your province.The company has a December 31^st year-end. Three asset sales occurred prior to the end of 2019. Asset 1: Building The building was previously purchased for $90,000.At the time of the sale in 2019, the accumulated amortization on the building was $10,000.The UCC balance was $65,000.The full payment of $110,000 was received before the end of the year. Asset 2: Land The land was purchased for $200,000 and sold in 2019 for $250,000.The terms of the sale included $60,000 which was received in 2019, with eight equal installments to follow beginning in 2020. Asset 3: Marketable Securities The company sold its entire public portfolio in 2019.The adjusted cost base of the shares was $100,000.The market value of the shares at the time of sale in 2019 was $135,000.Selling costs on the sale were $5,000. Required: