The Disabled Access Credit Was Enacted to Encourage Small Businesses

question 73

True/False

The disabled access credit was enacted to encourage small businesses to make their businesses more accessible to disabled individuals.

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Definitions:

Compounded Annually

Interest that is calculated and added to the principal balance once a year.

Compounded Monthly

Involves the addition of interest to the principal sum of a loan or deposit on a monthly basis.

RRSP

Registered Retirement Savings Plan, a Canadian account for holding savings and investment assets, with tax benefits for retirement savings.

Annuity

A fiscal vehicle offering a steady payout to individuals, commonly employed in retirement strategy.