Examlex
Assessments that must take place simultaneously do not include:
Terminal Loss
The difference between UCC and the adjusted cost of disposal when the UCC is greater.
CCA Rate
Capital Cost Allowance rate, which is the rate at which businesses in certain jurisdictions can claim depreciation on assets for tax purposes.
Marginal Tax Rate
The percentage of tax applied to an individual or entity's next dollar of income, showing the impact of the last dollar earned on their tax liability.
Taxable Income
The amount of an individual’s or a company's income used to determine how much tax they owe the government in a given tax year.
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