Problem
On January 1, 2022, PZ Ltd., a Canadian-controlled private corporation, purchased the following assets from an arm's length person:
1) Building - $1,200,000 (Class 1 - 6%)
2) Equipment - $90,000 (Class 8 - 20%)
3) Computer equipment - $50,000 (Class 50 - 55%)
The assets acquired were available for use immediately. PZ Ltd. does not hold any other Class 1, Class 8 or Class 50 properties.
Determine the maximum CCA deduction for PZ Ltd. for 2022. How would your answer change if PZ Ltd. was a public corporation, or if the business was carried on by a sole proprietor?