Alice Baxter acquires a residential property on May 1, 2021. The total cost of the property is $385,000, with $245,000 of this total being allocated to the land. She spends $3,500 to paint the interior and exterior of the building. During 2021, rents total $29,000 and expenses other than CCA and the costs of painting total $20,100. Determine the maximum CCA that is available for 2021. In addition, determine Ms. Baxter's minimum net rental income for the year.

Calculate the total amount of the deductible expenses ( excluding CCA)

How much CCA can she deduct?

Calculate her net rental income.

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