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

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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.
;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}}
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{{Creative Commons for PLS
{{Creative Commons for PLS
|title = Workplace Bullying and Harassment Wikibook
|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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Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International Licence 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.