[Solved] The CRA Will Disallow Any Lease That:

Question 198
Multiple Choice

The CRA will disallow 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) Involves a lessee that has net operating losses.
D) Appears to exist solely to avoid taxes.
E) Reduces the combined tax obligations of the lessor and the lessee.

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