3.13. Leasing Operations
| AUTHOR | |
|---|---|
| Canada Revenue Agency | |
| lectronic document | |
| Spanish and English | |
| CIAT | August 2024 |
Contents note:
The CIAT Executive Secretariat invites you to download and read chapter “3.13. Leasing Operations” from the Manual for the Control of International Tax Planning, written by the Canada Revenue Agency.
The objective of this chapter is to provide an overview of leasing including; the definition, commercial considerations, the design and structure of leasing agreements and their classification for tax purposes. Additionally, examples of common leasing transactions are presented, followed by the tax implications of a leasing transaction. Finally, some common risky behaviors related to leasing operations are presented, based on experiences of CIAT member countries.
Chapter 3.13. is No. 32 published within the framework of the “Manual for the Control of International Tax Planning” and is available in English and Spanish. The complete Manual consists of six sections made up of 42 chapters.