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Mamie Hanson converts her principal residence into a rental property. This property had cost $ 8 5 0 , 0 0 0 several years ago.

Mamie Hanson converts her principal residence into a rental property. This property had cost $850,000 several years ago. It is converted on January 1,2023 and, at that time, it is estimated that the total value of the property has increased to $1,100,000. At this time the value of the land is unchanged at $400,000 with $700,000 attributable to the house. Provided her rental income before CCA is more than this amount, what is the maximum CCA that Mamie can claim for 2023?

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