Class 1 - The building in Class 1 were purchased in January, 2010 for $734,000, with $84,000 attributable to the land and $650,000 to the building. The UCC balance on January 1, 20201 is $562,154.

Class 8 - The equipment in Class 8 was purchased in January, 2015 for $78,500. The UCC balance on January 1, 2021 is $23,520.

Class 10 - The vehicles in Class 10 were purchased in June, 2018 for $82,000. The UCC balance on January 1, 2021 is $34,153.

Class 53 - UCC balance of $750,000

The following transactions occurred in the 2021 taxation year:

Sale of Equipment - As the result of an extensive analysis, it is decided that it would be better to sell the existing equipment and to replace it with leased equipment . The old equipment is sold for $32,500.

Sale of Building - A similar decision is made with respect to the building. The property is sold for $825,000 and replaced with a leased property. Of the $825,000 sales price, $100,000 is for the land on which the building is situated and $725,000 for the building. The lease term is for 4 years with no options for renewal. A total of $81,000 is spent on leasehold improvements to make the buildings more suitable for the business.

Sale of Vehicles - The Class 10 vehicles were sold during the current year and replaced with leased vehicles. The sale proceeds totaled $27,500 with no vehicle being sold for more than its cost.

Additions During 2021, additional Class 53 property is purchased for $150,000. There were no dispositions in the year. The regular cca rate is usually 50% for this class.

Calculate the maximum CCA that can be claimed for the 2021 taxation year for each class. In addition, calculate the January 1, 2022 UCC balances and indicate any other income tax consequences that occur as a result of the transactions described above.