Examlex
Explain the impacts of climate change that are evident in Canada's arctic ecosystems.
Trade or Business
Trade or Business refers to any activity conducted for profit or livelihood, including goods and services production, buying, selling, or providing services.
Ordinary Loss
A loss incurred in the regular operation of a business or the sale of assets used in the business that can be fully deducted in the year it occurs.
Capital Loss
The loss incurred when a capital asset is sold for less than its purchase price.
Depreciation
The process of allocating the cost of a tangible asset over its useful life, reflecting wear and tear or obsolescence.
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