Examlex
Along the Gulf and Atlantic coasts, on the average, about five hurricanes make landfall every three years, two of which are major hurricanes with winds in excess of 95 knots (110 mi/hr). However, the number of hurricanes in the North Atlantic varies greatly from year to year and even decade to decade. The activity appears to be enhanced for periods of roughly 25 to 35 years in connection with the warm phase of the ____________________, which influences water temperatures in the tropical North Pacific where hurricanes most often develop.
Tax Deductible
An expense that is tax deductible can reduce taxable income, thereby lowering the amount of tax owed to the government.
CRA Guidelines
Rules and recommendations provided by the Canadian Revenue Agency for tax filing and compliance.
True Lease
A leasing arrangement where the lessor retains substantial risks and rewards of ownership of the leased asset.
Down Payments
Initial payments made when purchasing costly items on credit, representing a fraction of the purchase price.
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