What is Capital Property?
Capital property is any asset held for investment or long-term use whose disposal produces a capital gain or loss rather than business […]
What is the Capital Dividend Account (CDA)?
The Capital Dividend Account is a notional CRA ledger that tracks amounts a private corporation can distribute to Canadian shareholders completely tax-free […]
What is Capital Cost Allowance (CCA)?
Capital Cost Allowance is the CRA’s system for deducting the cost of business assets over time, the tax equivalent of depreciation, applied […]
What is Contribution Margin?
Contribution margin is what remains from revenue after variable costs, the portion of each dollar of sales that contributes to covering fixed […]
What are Consolidated Financial Statements?
Consolidated financial statements combine the results of a parent company and its subsidiaries into a single set of reports, eliminating intercompany transactions […]
What is a Cash Flow Statement?
The cash flow statement tracks how cash actually moved in and out of a business during a period and explains why the […]