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
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.

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