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Financial Leases
Typically, a longer-term, fully amortized lease under which the lessee is responsible for upkeep. Usually not cancellable without penalty.
CCA Depreciation
CCA Depreciation, or Capital Cost Allowance Depreciation, refers to a method of calculating depreciation for tax purposes in Canada, allowing businesses to deduct the cost of certain assets over time.
Lease Equipment
The process of renting machinery, vehicles, or other equipment for business use instead of purchasing them outright.
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