Glossary: G

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General Ledger

The general ledger is the master record containing every financial transaction of a business, organised by account, from…

Goodwill

Goodwill is the intangible value of a business above its identifiable net assets, reputation, customer relationships, br…

Gross Margin

Gross margin is revenue minus the direct cost of goods or services sold, expressed as a dollar amount or a percentage, s…

Gross Pay

Gross pay is an employee's total earnings before any deductions, the starting figure from which income tax, CPP and EI a…

Gross-Up

A gross-up is an upward adjustment to a dividend amount on your tax return, designed to reflect the pre-tax corporate in…

GST/HST

GST/HST is Canada's federal value-added tax on most goods and services, collected by businesses on their sales and remit…

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