Examlex
Which housing alternative is preferred by most persons who are approaching retirement?
Upkeep
The process of maintaining or preserving someone or something, or the cost involved in maintaining a property, equipment, etc.
Depreciation Tax Shield
A reduction in taxable income for businesses that results from the allowance for depreciation expenses.
CCA Class
Stands for Capital Cost Allowance Class, which is a categorization used in Canadian tax law for the purpose of calculating depreciation for tax purposes.
Borrowed Money
Funds that are loaned to an individual or business with an obligation to repay the amount plus interest.
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