Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Tax service offices |
Offices across the country that provide main point of contact for the public. |
| Tax specialist |
Specialist in taxation. |
| Tax treaties |
Government agreements signed between countries. They help citizens who earn foreign income avoid double taxation. |
| Taxable benefits |
Amounts of money, or the value of goods or services, that an employer pays or provides in addition to salary. For example, the part of a health insurance plan that the employer pays is a taxable benefit. |
| Taxable income |
The amount of income left after all allowable deductions have been subtracted from NET INCOME. This amount is used to calculate taxes to be paid. |
| Taxation year |
The calendar year or fiscal period for which income tax is to be paid. |
| Trough discovery and negotiation |
Fact finds out about tax case |
| Undeclared income |
income not declared |
| Unfiled income report |
income tax not filed |
| Unreported income |
income not reported |
| Winning tax case |
Have gain in Tax litigation |
| With the government |
Together with the government |
| Workers' compensation |
Money paid to compensate a person injured on the job. It is an insurance plan paid for by employers and administered by the Workers' Compensation Board. |