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Ms. Jennie Smith owns a house in Ottawa. She purchased the house in 2005 for...

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Accounting

Ms. Jennie Smith owns a house in Ottawa. She purchased the house in 2005 for $105000. In June 2019, she sold the house for $220000 and designated the house as a principal residence for 5 years. Determine the minimum taxable capital gain that she must report on the 2019 sale of the house, after considering the principal residence exemption

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