| Definition | Term |
| The tax form to calculate Ontario tax credits and Ontario tax payable | |
| A Preferred Share with the company owning the right to call it or buy it back at a certain time for a certain price. Also called redeemable | |
| Multiplying dividends received by a factor to calculate taxable dividends. Currently 145% in Canada | |
| Income from all sources world wide | |
| Used to keep track of individuals | |
| A form from the employer displaying other forms of income received such as pensions, retirement payments or annuities | |
| Prefs where all unpaid dividends accumulate as arrears and must be paid up-to-date before any common share dividends are paid. | |
| Total income less deductions such as RSP contributions, union dues etc. | |
| Privileges usually not allow to pref owners. Pref owners may get to vote if dividends are not paid for a number of payments in a row (2+years) | |
| The key form in the process of filing Canadian taxes | |
| Any income earned is not taxable but contributions do not provide tax deductions | |
| Completed by all employees so the employer deducts taxes correctly based on the employees personal situation | |
| A statement of investment income such as interest received, dividends or other forms of income | |
| Also called 'straight preferred'. PS which pay a fixed dollar dividend based on a % of the par value or a specified dollar amount per payment | |
| You receive a tax deduction for the amount of your contribution and any future income is tax free as the investment grows within the Plan. | |
| A sum of money demanded by a government for its facilities or services, levied upon incomes, property, sales or other | |