Glossary: W

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Withholding Tax

Withholding tax is tax deducted at source from certain payments, notably payments to non-residents, and remitted to the …

Work in Progress (WIP)

Work in progress is the value of partially completed work or unbilled services a business has performed but not yet invo…

Workers' Compensation (WSIB)

Workers' compensation is a provincial insurance program, such as Ontario's WSIB, funded by employer premiums that covers…

Working Capital

Working capital is current assets minus current liabilities, measuring the short-term liquidity a business has to meet i…

Write-Off

A write-off is the removal of an asset's value or the deduction of an expense against income, reducing taxable profit, c…

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