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Jose owns a cottage that he purchased in 2006 for $330000. with $100,000 of this amount reflecting the value of the land. On January 1, 2010, this cottage is converted to
a rental property. At the time of conversion. it is estimated that the cottage has a fair market value of $500000. with $150,000 of this amount reflecting the value of the land. For 2016. rental income. net of all expenses except CCA equals $10,200. 1What is the
maximum amount of 00A that Jose can deduct on this rental orooertv for 2016?

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Capital cost... View the full answer

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