What was the maximum amount of cca simon was able to claim

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Reference no: EM133435892

Question: Simon has two rental properties which are mortgaged. Both properties are considered CCA class 1, which has a maximum rate of 4%. Property 'A' had a UCC of $500,000 and earned net rental income $43,000 last year. Property 'B' had a UCC of $1,100,000 and had a net rental loss of $27,000. What was the maximum amount of CCA Simon was able to claim last year?

Reference no: EM133435892

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