Examlex
Select the correct name for this compound.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on the income or profits generated.
CCA Method
The CCA (Capital Cost Allowance) method is a tax deduction approach allowing Canadian businesses to claim depreciation on tangible property over its useful life as part of calculating taxable income.
CCA Tax Shield
A deduction that allows businesses to depreciate the cost of capital assets over time against their taxable income, reducing the tax payable.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the proportion of additional income paid in taxes.
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