Question: Question 6 (1 point) Saved Taxpayer A has two residential rental properties that are mortgaged. Both properties qualify for Class 1 with a CCA rate

Question 6 (1 point) Saved Taxpayer A has two residential rental

Question 6 (1 point) Saved Taxpayer A has two residential rental properties that are mortgaged. Both properties qualify for Class 1 with a CCA rate of 4 percent. At the beginning of the current taxation year, Property A has a UCC of $500,000 and Property B has a UCC of $1,100,000. Before taking into account any CCA for the current year, Property A earned net rental income of $43,000, and Property B had a net rental loss of $27,000. What is the maximum amount of CCA taxpayer A will be able to claim this year? $20,000 $16,000 nil $44,000

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