In order to further understand Capital Cost Allowance (CCA),________ of exempt assets are referred to as ________ and other leases are referred to as non-tax leases.
A) operating leases and financial leases; true tax leases
B) temporary leases and capital leases; true tax leases
C) long-term leases and financial leases; true tax leases
D) capital leases and financial leases; true tax leases

Question

Quizplus · Accepted Answer

Operating leases and financial leases are referred to as true tax leases because they allow the lessee to claim CCA on the leased asset.

In Order to Further Understand Capital Cost Allowance (CCA),________ of Exempt