D | Glossary of fiscal terms used in Canada

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
Dealing with (CRA) Canadian Revenue Agen

Federal perception office.

Dealing with Revenu Quebec

Provincial perception office.


An amount that is owed. If you borrow money or purchase something on credit, you have created a debt.


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.


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.


Generally, the disposal of property by sale, gift, transfer, or change in use

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