Glossary of fiscal terms used in Canada

There are 140 entries in this glossary.
All A B C D E F G H I L N O P Q R S T U W
Term Definition
Filed tax petition

Procedure in tax filing

Fiscal Pardon

Program sometimes called ‘’Tax amnesty program’’ or ‘’Tax pardon’’ to encourage individuals and corporations to report any unreported income or GST or to file returns not previously filed. It is a voluntary disclosure for which Revenue Canada waives penalties and sometimes can negotiate an interest reduction.

Fiscal period

This is the twelve-month period over which a business or profession reports its income-earning activities. The fiscal period may or may not coincide with the calendar year. The business usually establishes its fiscal period when it files its first income tax return.


Related to fiscal (Tax) situation

iled tax petition

Procedure in tax filing

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