Question
On October 1, 2019, Rani acquires a rental property in Brampton at a cost of $1,254,846, of which $248,728 is allocated to land. This property
On October 1, 2019, Rani acquires a rental property in Brampton at a cost of $1,254,846, of which $248,728 is allocated to land. This property is used exclusively for residential purposes. Rani is able to earn rental revenue of $8,247 and has rental expenses of $3,671. What is the maximum CCA Rani can deduct against her rental property income in 2019?
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Public Finance
Authors: Laurence S. Seidman
1st Edition
0073375748, 978-0073375748
