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Terminology used on iCalculator

Income Tax, RRSP, alimony... What does it mean? Canadian Tax and finance terms explained with sensible guides to everything tax to make tax simple.

Terminology and Jargon, it drives everyone crazy. iCalculator's calculators use typical tax, math and finance terms and jargon for standardisation, any deviation to those terms is defined here in the Canadian Tax Terminology section.

The chances are that you will be familiar with a lot of the terms, phrases and words we use on iCalculator, but just in case, here is a list of the common terms and phrases that we use.

If there is a specific term which you feel should be added, please feel free to contact us with your suggestion

You will find specific financial terminology which is often referenced from our salary calculators and tax calculators as well as mathematical terms, website 'Search Engine Optimisation (SEO)' terms and other market relevant terminology related to the specific calculators being used.

Canadian Tax and Finance Terms

1AlimonyWhat does Alimony mean?
2Canada Pension PlanWhat does Canada Pension Plan mean?
3Capital AssetWhat does Capital Asset mean?
4Capital GainsWhat does Capital Gains mean?
5Capital InvestmentsWhat does Capital Investments mean?
6Child Care ExpensesWhat does Child Care Expenses mean?
7Deduction For Copyright IncomeWhat does Deduction For Copyright Income mean?
8Eligible DividendsWhat does Eligible Dividends mean?
9Employment Insurance PremiumsWhat does Employment Insurance Premiums mean?
10Federal TaxWhat does Federal Tax mean?
11Gross PayWhat does Gross Pay mean?
12Ineligible DividendsWhat does Ineligible Dividends mean?
13InterestWhat does Interest mean?
14Lifetime Capital Gains ExemptionWhat does Lifetime Capital Gains Exemption mean?
15Net PayWhat does Net Pay mean?
16Provincial TaxWhat does Provincial Tax mean?
17Registered Retirement Savings PlanWhat does Registered Retirement Savings Plan mean?
18Union DuesWhat does Union Dues mean?

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