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What is the total amount of CCA that Marc can claim

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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?

Reference no: EM132521911

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