Canadian Tax & Accounting Glossary | Tax Filings Canada

Browse 161 Tax & Accounting Terms

Clear, CRA-accurate definitions to help you understand your taxes and finances.

a b c d e f g h i jkl m n o p q r s t u v wxyz

a

Accounts Payable Accounts Receivable Accrual Accounting Accrued Liabilities Accumulated Depreciation Adjusted Cost Base (ACB)Adjusting Entry Allowance for Doubtful Accounts Amortization Angel Investor Articles of Incorporation Asset Attribution Rules

b

Bad Debt Balance Sheet Basic Personal Amount Beneficial Owner Bookkeeping Break-Even Point Burn Rate Business Number (BN)

c

Canada Pension Plan (CPP)Canadian-Controlled Private Corporation (CCPC)Capital Cost Allowance (CCA)Capital Dividend Account (CDA)Capital Expenditure (CapEx)Capital Gain Capital Loss Cash Flow Chart of Accounts Clearance Certificate Collateral Contra Account Corporate Bylaws Corporate Tax Cost of Goods Sold (COGS)CRA Audit Credit Note Current Ratio

d

Debt-to-Equity Ratio Deemed Disposition Deferred Revenue Deferred Tax Departure Tax Depreciation Director Dividend Dividend Tax Credit Double-Entry Bookkeeping

e

EBITDA Eligible Dividend Employer Health Tax (EHT)Employment Insurance (EI)Equity Estate Freeze Exempt Supply Expense

f

Fair Market Value (FMV)Financial Statements Fiscal Year Fixed Asset Fixed Cost Foreign Tax Credit

g

General Ledger Goodwill Gross Margin Gross Pay Gross-Up GST/HST

h

Holding Company

i

Income Statement Incorporation Input Tax Credit (ITC)Instalment Inventory Invoice

j

Journal Entry

l

Liability Lifetime Capital Gains Exemption (LCGE)Line of Credit Liquidity

m

Marginal Tax Rate Medical Expense Tax Credit Minute Book

n

Net Book Value Net Income Net Pay Non-Capital Loss Non-Eligible Dividend Notice of Assessment (NOA)Notice of Objection Notice to Reader (NTR)

o

Operating Expense (OpEx)Overhead Owner's Draw

p

Paid-Up Capital Passive Income Payroll Personal Services Business (PSB)Petty Cash Place of Supply Prepaid Expense Prescribed-Rate Loan Principal Residence Exemption Provincial Sales Tax (PST)

q

Quick Method Quick Ratio

r

Reassessment Recapture Reconciliation Record of Employment (ROE)Refundable Dividend Tax on Hand (RDTOH)Registered Education Savings Plan (RESP)Related Party Remittance Retained Earnings Return on Investment (ROI)Revenue RRSP Runway

s

Salary Share Capital Shareholder Agreement Shareholder Loan Small Business Corporation Small Business Deduction (SBD)Sole Proprietorship Solvency Source Deductions Statement of Cash Flows Statutory Holiday Pay Straight-Line Depreciation Superficial Loss

t

T1 Return T2 Return T2125 Statement T3 Slip T3 Trust Return T4 Slip T4A Slip T5 Slip T5013 Partnership Return Tax on Split Income (TOSI)Taxable Benefit Taxable Income Taxable Supply Term Loan Terminal Loss TFSA Trial Balance

u

Undepreciated Capital Cost (UCC)

v

Vacation Pay Variable Cost Venture Capital Voluntary Disclosures Program (VDP)

w

Withholding Tax Work in Progress (WIP)Workers' Compensation (WSIB)Working Capital Write-Off

z

Zero-Rated Supply