Question: The CRA will disallow taking full lease payment as deductions for taxes for any lease that: a. Has a lease term in excess of three

The CRA will disallow taking full lease payment as deductions for taxes for any lease that: a. Has a lease term in excess of three years. b. Has a term that is less than one-half of the economic life of the asset. c. Appears to exist solely to avoid taxes. d. Involves a lessee that has net operating losses. e. Reduces the combined tax obligations of the lessor and the lessee.

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