Anonymous

Difference between revisions of "Glossary for Paying Taxes in BC"

From Clicklaw Wikibooks
no edit summary
Line 4: Line 4:
;CRA: Canadian Revenue Agency the federal government office in charge of all income tax.
;CRA: Canadian Revenue Agency the federal government office in charge of all income tax.


;Credit: An amount of money.
;credit: An amount of money.


;Deduction: Something taken away.
;deduction: Something taken away.


;Defer: To put off to a future time.
;defer: To put off to a future time.


;HST: Harmonized Sales Tax (federal and provincial sales taxes combined.)
;HST: Harmonized Sales Tax (federal and provincial sales taxes combined.)


;HST Credit: A payment to help you pay the HST on the things you buy.
;HST credit: A payment to help you pay the HST on the things you buy.


;Investments: An amount of money invested in something for the purpose of making a profit.
;investments: An amount of money invested in something for the purpose of making a profit.


;Net Earnings: The amount of income after deductions.
;net earnings: The amount of income after deductions.


;Notice of a document issued by Assessment: CRA that summarizes your tax filing including taxes paid or taxes owing.
;notice of a document issued by assessment: CRA that summarizes your tax filing including taxes paid or taxes owing.


;Refund: To get money back.
;refund: To get money back.


;RRSP: Registered Retirement Saving Plan (defers taxes).
;RRSP: Registered Retirement Saving Plan (defers taxes).


;Tax Year: January 1 to December 31.
;tax year: January 1 to December 31.


{{REVIEWED | reviewer = [[People's Law School]], 2014}}
{{REVIEWED | reviewer = [[People's Law School]], 2014}}
Line 31: Line 31:


{{Creative Commons for PLS
{{Creative Commons for PLS
|title = Workplace Bullying and Harassment Wikibook
|title = Paying Taxes in British Columbia Wikibook
|author =  
|author =  
}}
}}
1,185

edits