Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Dealing with (CRA) Canadian Revenue Agen |
Federal perception office. |
| Dealing with Revenu Quebec |
Provincial perception office. |
| Debt |
An amount that is owed. If you borrow money or purchase something on credit, you have created a debt. |
| Deemed |
A legal term used when something is considered to be something else for certain purposes. |
| Depreciable property |
Property that wears out as it is used over the years. For example, cars, farm equipment, and business machines are depreciable. See capital cost allowance. |
| Depreciation |
A decrease in the value of an asset through age, use, and deterioration. In accounting terminology, depreciation is a deduction or expense claimed for this decrease in value. |
| Disposition |
Generally, the disposal of property by sale, gift, transfer, or change in use |