Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Lease |
A contract under which a property is rented from one person or business to another for a fixed period of time at a specified rate. |
| Liability |
Debt owed by a person or business. |
| Litigating your case |
Process of taking claims to tax board or court |
| Loss |
The amount by which expenses exceed revenues. |