On October 1, 20X1, Neo Enterprises signed a lease for new office space. The contract gives Neo Enterprises the use of the space for four years with the option of renewing the lease for two additional three-year periods. In November, 20X1 Neo Enterprises spent $84,000 renovating the office space. In February, 20X2 an additional $30,000 was spent on leasehold improvements. Neo Enterprises has a December 31 year end.
Calculate the maximum class 13 CCA for years 20X1, 20X2 and 20X3.Assume the class 13 UCC balance at the end of year 20X0 is $0. Income tax reference: ITA: 20(1)(a); Reg.1100(1)(b).