TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

interest expense limit [1 record]

Filter results by subject field Alphabetical list of terms

Filter results by subject field

Alphabetical list of terms

Record 1 1999-03-29

English

Subject field(s)
  • Finance
  • Taxation
CONT

Interest Expense Limit. This limit restricts the deductibility of interest expenses on funds borrowed to finance the purchase of a vehicle. It reflects the reasonable cost of financing a vehicle that is generally acceptable for business purposes.

French

Domaine(s)
  • Finances
  • Fiscalité
CONT

Plafond de déductibilité des frais d'intérêt. Ce plafond restreint la déductibilité des frais d'intérêt sur les sommes empruntées pour financer l'achat d'un véhicule. Il tient compte du coût raisonnable de financement d'un véhicule généralement acceptable à des fins professionnelles.

Spanish

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© Public Services and Procurement Canada, 2024
TERMIUM Plus®, the Government of Canada's terminology and linguistic data bank
A product of the Translation Bureau

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