Examlex
A loss from a passive activity is fully deductible as long as the taxpayer has sufficient tax basis in the activity.
Lake Victoria
is one of the largest freshwater lakes in the world, located in East Africa and serving as a crucial resource for millions of people.
Turbid Water
Water that contains suspended solids causing it to appear cloudy or murky, often a sign of pollution or sediment disturbance.
Cod Fishery
The commercial fishing activity aimed at catching cod, a type of fish that has historically been vital to the economies of several northern countries.
Canadian Government
The federal administration of Canada, operating under a parliamentary system within a constitutional monarchy.
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