Since a lessee is not the owner of a leased asset, the lessee does not receive the tax shield on theCCA

Question

Quizplus · Accepted Answer

Only the owner of an asset is entitled to claim the tax shield on CCA (capital cost allowance or depreciation) as it is a tax deduction on the depreciation of an asset over time. Since the lessee does not own the leased asset, they cannot claim the tax shield. Instead, the lessor (owner) can claim the tax shield on their tax return.

Since a Lessee Is Not the Owner of a Leased