Glossary of fiscal terms used in Canada
There are 140 entries in this glossary.| Term | Definition |
|---|---|
| Election |
A formal choice among specific options on how tax laws are applied to a taxpayer's financial affairs. Usually, you make an election on your tax return. |
| Employment income |
See salary. |
| Employment Insurance (EI) |
A federal program that provides financial assistance to people who are temporarily out of work. It is an insurance program, with employers and employees making payments into the Employment Insurance Fund. |
| Employment Insurance premiums |
Deductions that an employer must make from employees' paycheques and forward to the Receiver General for Canada. Employers must also contribute Employment Insurance payments. |
| Estate |
All of someone's property and money |
| Estate accountant |
Person dealing with an estate |
| Estate fiscalist |
Person dealing on estate tax matter |
| Examiner |
Person responsible for tax department |
| Excise |
Taxes on the manufacture, sale, or use of goods and items. |
| Expense refused |
Expenses not accepted by instead of from ARC or Revenue Québec |
| Expert in tax law |
Specialist in tax situation. |