Two years ago on November 30th, Francine purchased a duplex that she intended to rent out to earn rental income. Despite the fact that the building was in perfect condition when Francine bought it, she was unable to find tenants for the building until February 1st of this year because she had misjudged the market. When was Francine's building available for use for CCA purposes?
Added by Shari C.
Step 1
CCA is a tax deduction in Canada that allows taxpayers to write off the cost of a depreciable property over a period of time. For a property to be eligible for CCA, it must be available for use. Show more…
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