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 Building

Nil

85,000

Maintenance 45,000

The maximum CCA on the building is $41,089.

The maximum CCA on the building is $61,633.

The maximum CCA on the building is $27,393.

The maximum CCA on the building is $35,000.