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Walter has a rental property that he purchased new (non used) in June 2018. The property was only rented out to commercial businesses. The original
Walter has a rental property that he purchased new (non used) in June 2018. The property was only rented out to commercial businesses. The original cost of the building was $850,000, and the UCC was $684,816. Walter incurred the following costs during 2022. What is the maximum CCA Walter can claim on his personal income tax return for the rental property for 2022? Gross rents received $230,000 Expenses related to earning rental income: Advertising (for tenants) 5,000 Property taxes 60,000 Utilities (paid by tenants) Interest on Mortgage of
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