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A Candian Resident, as defined by CRA and the Income Tax Act, must report their annual world income to Canada Revenue Agency True False This

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A Candian Resident, as defined by CRA and the Income Tax Act, must report their annual world income to Canada Revenue Agency True False This year, Betty had a commorcial tental property and reports the following, in oeder to calculate her rental inconse or rental loss in 2019 1. Rental Revenve $10.000 2. Proporty Tax Exgense: $2,000 3. Insurance Expense $3,000 4. Betty's porsonal labour fee $1.000 5. Maxinum CCA \$2,000 (apply the maximum if possibie per class review) Please choose the best and most accurate answer? The Rental income is, $3,000 and CCA can create of increase a Rental Ifcoene Statement Loss. The Rental income is, 50 and CCA cannot create of increase a Rental income Statement Loss The Rental income is ,$3,000 and CCA cannot create of increase a Pental income Statement Loss The. Renal incone is $2.000 and CCA cannot create or incieaso a Rental income Statoment Loss

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