Business Finance Terms, Explained Simply.
Learn more about common financial terms here.
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Goodwill is the value of a business above its identifiable assets, reflecting customer relationships, reputation, brand, and earning power that....
A fiscal year is the 12-month accounting period a corporation uses for financial reporting and tax purposes, and it does....
A family trust is a discretionary trust that holds assets, often shares of a private corporation, on behalf of family....
Estate planning is the process of structuring personal and corporate affairs so that wealth transfers to the right people, in....
An estate freeze locks in the current value of an owner’s assets and transfers future growth to the next generation....
Eligible dividends are paid from income taxed at the general corporate rate and receive a higher gross-up and personal tax....
A dividend refund returns a portion of the tax a private corporation paid on investment income when it pays taxable....
Depreciable property is a business asset whose cost is written off over time through Capital Cost Allowance, because its useful....
A deemed dividend is an amount the CRA treats as a dividend for tax purposes even though it was never....
A corporate reorganization is a restructuring of how a business is legally held or operated, changing the corporate structure, share....
A CCPC is a private corporation incorporated in Canada that is not controlled by non-residents or public corporations, and the....
Capital property is any asset held for investment or long-term use whose disposal produces a capital gain or loss rather....