Business Finance Terms, Explained Simply.

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What is Human Capital?

Human capital is one of the four intangible capitals in the Value Acceleration framework, measuring the quality, depth, and independence....

What is Harvesting?

Harvesting is the phase of the Value Acceleration Methodology in which the owner converts built business value into personal wealth,....

What is HST/GST and how do Input Tax Credits work?

HST and GST are consumption taxes collected by businesses on behalf of the CRA; input tax credits allow recovery of....

What are Home Office Expenses?

Home office expenses are the portion of household costs, rent, utilities, internet, and maintenance, that an incorporated business owner can....

What is the difference between a HoldCo and an OpCo?

An OpCo is the operating company that runs a business; a HoldCo is a separate corporation that sits above it,....

What is Holdback?

A holdback is a portion of each progress payment withheld by the client until a defined period after project completion,....