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Question - Marc I rack decided in 2017 that the residential rental market in Thunder Bay was worth investing in. As a result, he acquired the following 2017: 1 house and 2 duplexes. The purchase price of each property (excluding land) was as follows:
House: $120,000
Duplex #1: $260,000
Duplex #2: $210,000
In 2019 the rental properties generate the following net income before CCA:
House: $5,300
Duplex #1: $9,500
Duplex #2: $7,500
Required - What is the total amount of CCA that Marc can claim on his 2019 income tax return?
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