Tax

Mike owns two residential rental properties. Both properties are in a separate Class 1 . At the beginning of the year, Property A has a UCC of $824,000 and Property B has a UCC of $936,000. In 2020, Mike added major capital improvements to Property B for a cost of $56,000. What is the maximum CCA available for Mike to claim? Do not use commas or dollar signs. Now assume that before consideration of CCA, Property A earned net rental income of $43,000, and Property B had a net rental loss of $15,000. What is the maximum amount of CCA Mike will be able to deduct this year? Do not use commas or dollar signs. A