Business Finance Terms, Explained Simply.
Learn more about common financial terms here.
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Security is the legal claim a lender takes over specific assets to protect its position if the borrower defaults; collateral....
The Small Business Deduction is a federal tax reduction that lowers the corporate tax rate on active business income for....
A shareholder loan is money borrowed from or lent to a corporation, and the CRA monitors it closely to ensure....
A Section 85 rollover is a provision of the Income Tax Act that allows eligible property to be transferred to....
SR&ED is the CRA’s tax incentive program that provides credits and deductions for eligible research and development expenditures, one of....
Salary is employment income paid to the owner-employee and is deductible to the corporation; dividends are distributions of after-tax corporate....