The full amount of a lease payment is tax deductible provided the contract qualifies as a true lease under 2001 CRA guidelines.

Name: The full amount of a lease payment is tax deductible provided the contract qualifies as a true lease under 2001 CRA guidelines.
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According to the 2001 CRA guidelines, a true lease is considered a tax-deductible expense for business purposes. Therefore, if the lease contract qualifies as a true lease, the full amount of the lease payment is tax deductible.

The Full Amount of a Lease Payment Is Tax Deductible