Glossary for Paying Taxes in BC: Difference between revisions
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;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. | ||
; | ;deduction: Something taken away. | ||
; | ;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 | ;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. | ||
; | ;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. | ||
; | ;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. | ||
{{REVIEWED | reviewer = [[People's Law School]], 2014}} | {{REVIEWED | reviewer = [[People's Law School]], 2014}} | ||
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{{Creative Commons for PLS | {{Creative Commons for PLS | ||
|title = | |title = Paying Taxes in British Columbia Wikibook | ||
|author = | |author = | ||
}} | }} | ||
Revision as of 22:52, 20 March 2014
Template:Paying Taxes in British Columbia TOC
- CCTB
- Canada Child Tax Benefit, or CCTB, is a payment for families who need help with the cost of raising children under age 18.
- CRA
- Canadian Revenue Agency the federal government office in charge of all income tax.
- credit
- An amount of money.
- deduction
- Something taken away.
- defer
- To put off to a future time.
- 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.
- investments
- An amount of money invested in something for the purpose of making a profit.
- 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.
- refund
- To get money back.
- RRSP
- Registered Retirement Saving Plan (defers taxes).
- tax year
- January 1 to December 31.
| This information applies to British Columbia, Canada. Last reviewed for legal accuracy by People's Law School, 2014. |
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 Paying Taxes in British Columbia Wikibook © People's Law School is, except for the images, licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence.
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