Glossary: E

abcdefghijklmnopqrstuvwxyz

EBITDA

EBITDA is earnings before interest, taxes, depreciation and amortization, a measure of a business's core operating profi…

Eligible Dividend

An eligible dividend is a dividend paid from corporate income that was taxed at the general rate, carrying a higher gros…

Employer Health Tax (EHT)

The Employer Health Tax is a provincial payroll tax in provinces like Ontario and BC, levied on an employer's total payr…

Employment Insurance (EI)

Employment Insurance is a federal program funded by employee and employer premiums that provides temporary income to eli…

Equity

Equity is the owners' residual stake in a business, what would be left for the owners after all assets are used to pay o…

Estate Freeze

An estate freeze is a tax-planning strategy that locks in the current value of your business or assets for you, passing …

Exempt Supply

An exempt supply is a good or service on which no GST/HST is charged and for which the supplier cannot claim input tax c…

Expense

An expense is a cost incurred to earn business income, deducted against revenue to arrive at profit, and generally deduc…

Free 15 Min Consultation for Businesses

Ready to get started with Tax & Accounting?

Talk to a professional tax accountant about your situation. No obligation, and you only pay once the work is complete and you have approved it.

  • Tax accountant led team
  • Fixed fees, no hourly billing
  • Pay only after you approve