In 1997, Ms. Boisvert became a homeowner, acquiring a residence in Halifax at a cost of $135,000. In 2008, she was transferred by her employer to Winnipeg. She rented accommodations in Winnipeg and leased the Halifax residence. Ms. Boisvert elected to be deemed not to have converted the property to an income producing use. She did not take CCA on the property during the period that it was rented. In July, 2020, after 24 years of ownership, she sold the Halifax house for $207,000, netting a gain of $72,000. She had decided she would not return to Halifax. Which one of the following amounts represents the minimum capital gain that she may report in 2020?

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The Answer of In 1997, Ms. Boisvert became a homeowner, acquiring a residence in Halifax at a cost of $135,000. In 2008, she was transferred by her employer to Winnipeg. She rented accommodations in Winnipeg and leased the Halifax residence. Ms. Boisvert elected to be deemed not to have converted the property to an income producing use. She did not take CCA on the property during the period that it was rented. In July, 2020, after 24 years of ownership, she sold the Halifax house for $207,000, netting a gain of $72,000. She had decided she would not return to Halifax. Which one of the following amounts represents the minimum capital gain that she may report in 2020?