Examlex
Choose the one most appropriate answer for each.
-Shivering response
CCA Tax Shield
A tax benefit derived from the depreciation expense allowed on tangible property for tax purposes, reducing taxable income.
Class 8 Equipment
Heavy-duty machinery typically used in the transport and logistics industry, such as 18-wheel trucks.
Tax Rate
The chunk of income designated by the government to be taken as tax from corporations or the public.
CCA Rate
Capital Cost Allowance rate, which is the percentage rate at which Canadian businesses can claim depreciation on assets for tax purposes.
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