Question
The CRA will disallow taking full lease payment as deductions for taxes for any lease that: A: Has a lease term in excess of three
The CRA will disallow taking full lease payment as deductions for taxes for any lease that:
A: Has a lease term in excess of three years.
B: Has a term that is less than one-half of the economic life of the asset.
C: Appears to exist solely to avoid taxes.
D: Involves a lessee that has net operating losses.
E: Reduces the combined tax obligations of the lessor and the lessee.
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New Venture Creation A Framework For Entrepreneurial Start-ups
Authors: Paul Burns
2nd Edition
1352000504, 978-1352000504
