Accounts payable
Accounts payable · 应付账款 · 應付帳款
Amounts the business still owes its suppliers.
Official reference · Related tool← All free tools
Canadian tax glossary
Search 60 terms in English, Simplified and Traditional Chinese.
A
Accounts receivable
Accounts receivable · 应收账款 · 應收帳款
Amounts customers still owe the business.
Official reference · Related toolAccrual method
Accrual method · 权责发生制 · 權責發生制
Generally records income when earned and expenses when incurred, rather than only when cash moves.
Official reference · Related toolArrears interest
Arrears interest · 欠税利息 · 欠稅利息
Interest charged on an overdue tax balance.
Official reference · Related toolAudit
Audit · 税务审计 · 稅務審計
A CRA examination of records to assess compliance with tax obligations.
Official reference · Related toolAuthorized representative
Authorized representative · 授权代表 · 授權代表
A person given permission to act on specified tax matters for you.
Official reference · Related toolAverage tax rate
Average tax rate · 平均税率 · 平均稅率
Total income tax divided by the chosen measure of income.
Official reference · Related toolB
Balance owing
Balance owing · 应缴余额 · 應繳餘額
An amount remaining payable after applicable credits and payments.
Official reference · Related toolBasic personal amount
Basic personal amount · 基本个人金额 · 基本個人金額
An amount used to calculate a non-refundable personal tax credit.
Official reference · Related toolBusiness mileage log
Business mileage log · 商务里程记录 · 商務里程記錄
A trip record supporting business kilometres and the annual business-use ratio.
Official reference · Related toolBusiness number (BN)
Business number (BN) · 商业编号 · 商業編號
A nine-digit identifier for a business dealing with CRA.
Official reference · Related toolBusiness-use percentage
Business-use percentage · 商业用途比例 · 商業用途比例
A supported allocation separating business use from personal use.
Official reference · Related toolBusiness-use-of-home
Business-use-of-home · 家庭办公费用 · 家庭辦公費用
Eligible workspace costs allocated under the self-employed home-office rules.
Official reference · Related toolC
CPP
CPP · 加拿大退休金计划 · 加拿大退休金計畫
Contributory public pension coverage; self-employed people generally pay both shares.
Official reference · Related toolCPP2
CPP2 · 第二额外 CPP · 第二額外 CPP
Additional CPP contributions on earnings between the first and second ceilings.
Official reference · Related toolCapital cost allowance (CCA)
Capital cost allowance (CCA) · 资本成本折旧 · 資本成本折舊
A tax deduction for qualifying depreciable property under class-specific rules.
Official reference · Related toolCapital property
Capital property · 资本财产 · 資本財產
Property whose cost usually needs capital rather than ordinary expense treatment.
Official reference · Related toolCash method
Cash method · 收付实现制 · 收付實現制
Records based on cash receipts/payments where tax rules permit; not an automatic choice for every business.
Official reference · Related toolCorporation
Corporation · 有限公司 · 有限公司
A legal entity separate from its owners.
Official reference · Related toolCost of goods sold
Cost of goods sold · 销售成本 · 銷售成本
The cost assigned to the goods sold during the period.
Official reference · Related toolCurrent expense
Current expense · 当期费用 · 當期費用
An expense generally providing a short-term benefit to the business.
Official reference · Related toolE
EI special benefits
EI special benefits · EI 特别福利 · EI 特別福利
Certain self-employed people may opt into special-benefit coverage; this is not regular EI unemployment coverage.
Official reference · Related toolExempt supply
Exempt supply · 免税供应 · 免稅供應
A supply for which GST/HST is not charged and ITCs are generally unavailable.
Official reference · Related toolF
Fiscal year
Fiscal year · 财政年度 · 財政年度
The accounting period used to report a business’s annual results.
Official reference · Related toolG
GST
GST · 商品及服务税 · 商品及服務稅
Federal goods and services tax on taxable supplies.
Official reference · Related toolGross business income
Gross business income · 生意总收入 · 生意總收入
Business income before deductible business expenses.
Official reference · Related toolH
HST
HST · 统一销售税 · 統一銷售稅
Harmonized sales tax used in participating provinces.
Official reference · Related toolI
Incorporation
Incorporation · 成立公司 · 成立公司
The legal process of creating a corporation.
Official reference · Related toolInput tax credit (ITC)
Input tax credit (ITC) · 进项税抵免 · 進項稅抵免
An eligible GST/HST registrant’s recovery of tax on qualifying commercial purchases.
Official reference · Related toolInstalments
Instalments · 分期预缴 · 分期預繳
Payments towards tax during the year, before the final balance is due.
Official reference · Related toolInventory
Inventory · 存货 · 存貨
Goods held for sale and related stock tracked for business reporting.
Official reference · Related toolInvoice
Invoice · 发票 · 發票
A bill describing the supplier, transaction and amount to pay.
Official reference · Related toolM
Marginal tax rate
Marginal tax rate · 边际税率 · 邊際稅率
The rate applying to an additional slice of taxable income.
Official reference · Related toolMy Account
My Account · CRA 个人账户 · CRA 個人帳戶
CRA’s secure service for individual tax affairs.
Official reference · Related toolMy Business Account
My Business Account · CRA 商业账户 · CRA 商業帳戶
CRA’s secure service for business program accounts.
Official reference · Related toolN
NETFILE
NETFILE · 个人电子报税 · 個人電子報稅
CRA’s service for filing an eligible personal return with certified software.
Official reference · Related toolNet business income
Net business income · 生意净收入 · 生意淨收入
Business income after applicable business deductions.
Official reference · Related toolNet tax owing
Net tax owing · 净欠税额 · 淨欠稅額
A CRA-defined amount used to determine individual instalment requirements.
Official reference · Related toolNon-refundable tax credit
Non-refundable tax credit · 不可退还抵免 · 不可退還抵免
A credit that can reduce applicable tax to zero but does not itself create a refund.
Official reference · Related toolNotice of Assessment
Notice of Assessment · 评税通知 · 評稅通知
CRA’s result after processing a tax return.
Official reference · Related toolNotice of Reassessment
Notice of Reassessment · 重新评税通知 · 重新評稅通知
A notice changing an earlier assessment.
Official reference · Related toolP
Program account
Program account · 税务项目账户 · 稅務項目帳戶
A business-number account for a specific program, such as GST/HST or payroll.
Official reference · Related toolR
RRSP
RRSP · 注册退休储蓄计划 · 註冊退休儲蓄計畫
A registered retirement plan with contribution and deduction limits.
Official reference · Related toolRRSP deduction limit
RRSP deduction limit · RRSP 抵扣限额 · RRSP 抵扣限額
The maximum RRSP deduction available for a particular year.
Official reference · Related toolReceipt
Receipt · 收据 · 收據
Evidence of a purchase or payment that should be tied to its business purpose.
Official reference · Related toolRecord retention
Record retention · 记录保存期 · 記錄保存期
The period records must be kept under the rules that apply to them.
Official reference · Related toolRefund
Refund · 退税 · 退稅
An amount CRA determines should be returned to you.
Official reference · Related toolReview
Review · 税表审查 · 稅表審查
A CRA request to support selected return items.
Official reference · Related toolS
Small supplier
Small supplier · 小供应商 · 小供應商
A GST/HST status based on revenue rules, with exceptions for certain activities.
Official reference · Related toolSole proprietor
Sole proprietor · 独资经营者 · 獨資經營者
An individual carrying on an unincorporated business alone.
Official reference · Related toolT
T2125
T2125 · 生意或专业活动表 · 生意或專業活動表
The form used to report business or professional income and expenses with a personal return.
Official reference · Related toolT4
T4 · 雇佣收入单 · 僱傭收入單
An employer’s slip reporting employment income and deductions.
Official reference · Related toolT4A
T4A · 其他收入单 · 其他收入單
A slip for various income types; it does not alone determine employment status.
Official reference · Related toolTFSA
TFSA · 免税储蓄账户 · 免稅儲蓄帳戶
A registered account whose contributions are not an income-tax deduction.
Official reference · Related toolTax bracket
Tax bracket · 税档 · 稅級
An income band subject to a stated marginal rate.
Official reference · Related toolTax deduction
Tax deduction · 税前抵扣 · 稅前抵扣
An eligible amount reducing income used to calculate tax.
Official reference · Related toolTaxable supply
Taxable supply · 应税供应 · 應稅供應
A supply subject to GST/HST, including a zero-rated supply.
Official reference · Related toolY
YAMPE
YAMPE · 第二养老金收入上限 · 第二退休金收入上限
The upper earnings ceiling for CPP2.
Official reference · Related toolYMPE
YMPE · 第一养老金收入上限 · 第一退休金收入上限
The year’s maximum pensionable earnings for the first CPP tier.
Official reference · Related toolZ
Zero-rated supply
Zero-rated supply · 零税率供应 · 零稅率供應
A taxable supply charged at 0%, potentially allowing eligible ITCs.
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