When a corporation holds property that is subsequently rented out, ________.

Choose the correct answer.

A.

CCA deductions are not permitted unless the corporation is primarily engaged in property rentals

B.

the income received will be classified as property income unless the company is primarily engaged in property rentals

C.

CCA deductions can be taken on the buildings and land, so long as the corporation is primarily engaged in property rentals

D.

any gain or loss resulting from the sale of the property will be treated as property income