Terminal Loss

Terminal Loss in Canada

Definition of Terminal Loss

Terminal Loss meaning or descrpition: what can be deducted from income on the terminal T1 tax return if the undepreciated capital cost of the last asset in a class of depreciable capital assets is higher than its fair market value (Source of this concept of Terminal Loss: emp.ca/books/381-9)

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(2017, 01). Terminal Loss lawi.ca Retrieved 10, 2017, from https://lawi.ca/
"Terminal Loss" lawi.ca. 01 2017. 10 2017 <https://lawi.ca/>
"Terminal Loss" lawi.ca. lawi.ca, 01 2017. Web. 10 2017. <https://lawi.ca/>
"Terminal Loss" lawi.ca. 01, 2017. Accesed 10 2017. https://lawi.ca/
Alan Brudner, 'Terminal Loss' (lawi.ca 2017) <https://lawi.ca/> accesed 2017 October 31






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  • Article Name: Terminal Loss
  • Author: Alan Brudner
  • Description: Definition of Terminal Loss Terminal Loss meaning or descrpition: what can be deducted from income on the terminal T1 tax [...]

This entry was last updated: January 14, 2017

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Caution: This Canadian legal encyclopedia contains clearly written statements of Canadian legal principle based on common law and legislation regarding Terminal Loss and other areas of law in Canada . But, legal information is not the same as legal advice (which involves applying laws, about Terminal Loss and other topics, to particular individuals and organizations and their particular circumstances). It is always a good idea to consult with an attorney to obtain advice as to how the law (in relation to Terminal Loss and other legal subjects) should be interpreted in light of the particularities of your situation. Also, you should be aware that legal aspects impacting Terminal Loss may change over time and, as such the information contained in this Canadian legal encyclopedia may become out of date.




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