Sylvia Faircloth has two Class 1 rental properties that are both subject to a 4% CCA rate. Property 1 has a UCC balance at the beginning of the year of $510,000 and has rental income before the deduction of CCA of $41,000. Property 2 has a UCC balance of $995,000 at the beginning of the year but has a rental loss before CCA of $28,000. What is the maximum amount of CCA that Sylvia can claim in the current year?

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To calculate the maximum amount of Capital Cost Allowance CCA that Sylvia can claim for her rental p... View the full answer