Amy has been an employee of Line Corp. for the past 10 years. Amy acquired 2 residential Condos in August 2018 and has been earning renal income from all 2 properties. Amys accountant placed both properties in separate Class-1 CCA pools as Amy paid more than $50,000 for each property, excluding the cost for the land. Amy continued to work for Line Corp as her time/effort for earning rental income was very minimal. In March 2021, she sold 1 of the properties. Amy was able to sell that property at a price that was higher than what she paid for. Amys accountant is in the process of preparing the tax return for Amy for the taxation year ended 2020 (last years tax return).

A) Explain the type of income that Amy will be reporting in 2021 from the sale of the property in 2021.

B) Does Amy have an opportunity for tax planning, considering the fact that the tax return for 2020 hasnt been filed, as of yet.