Saul has two residential rental properties (Property A and Property B)that are mortgaged. Both properties are in

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Saul has two residential rental properties (Property A and Property B)that are mortgaged. Both properties are in Class 1, which has a maximum CCA rate of 4 percent. At the beginning of the year, Property A has a UCC of $500,000 and Property B has a UCC of $1,100,000. Before consideration of CCA, 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 Saul will be able to claim this year?

Posted Date: Nov 10, 2021 02:59 PM

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Saul has two residential rental properties (Property A and Property B)that are mortgaged. Both properties are in

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CCA for Property A CCA rate 4 U... View the full answer

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