Canadian Financial, Real Estate and Mortgage Glossary

Government of Canada-related words.

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Aboriginal Affairs and Northern Development Canada (AADNC)Company, Canada
Accounting, Banking and Compensation Branch (ABC)Canada
allowance (ALW)Canada
  ➥  In relation to Guaranteed Income Supplement (GIS).
allowance for the survivor (ALWS)Canada
alternative minimum tax (AMT)Definition (Taxation, Financial-banking, Legal-contracts)
This tax primarily affects high-income taxpayers who shelter some of their income from tax through certain tax preference items or deductions. It is often referred to in tax publications as AMT and, if your income meets the limit, you have to recalculate your tax due based on the separate alternative minimum tax rates and tables.
  ➥  Form T691.
Associate Committee on the National Building Code (ACNBC)Company Est.1948, Canada
Auditor General (AG)Canada
Bankruptcy and Insolvency Act (BIA)Est. 1985, Canada
A Canadian Act respecting bankruptcy and insolvency.
Canada Child Tax Benefit (CCTB)Canada
The Canada Child Tax Benefit is a tax-free monthly payment made to eligible families to help them with the cost of raising children under age 18.
  ➥  Pamphlet T4114.
Canada Education Savings Grant (CESG)Canada
Program recently introduced by the federal government whereby it will invest, in the form of grants, along-side parents who save for their children's education through RESPs. The government will top up contributions made to an RESP by 20% up to a yearly maximum of $400 per beneficiary.
Canada Education Savings Program (CESP)Canada
Canada Fund for Local Initiatives (CFLI)Canada
  ➥  Canadian International Development Agency program.
Canada Industrial Relations Board (CIRB)Company, Canada
Canada Lands Company (CLC)Company, Canada
Redevelops and/or sells strategic Government of Canada properties across Canada that are no longer required for program purposes.
Canada Learning Bond (CLB)Canada
A grant offered by the Government of Canada to help parents, friends, and family members save early for the post-secondary education of children in modest-income families.
  ➥  See also Canada Education Savings Grant (CESG).
Canada Mortgage and Housing Corporation (CMHC)Company Est.1946, Canada-wide
The Canada Mortgage and Housing Corporation: this is a Federally run institution that provides banks and lenders with mortgage insurance. Not to be confused with life or property insurance. In the event of default or foreclosure CMHC assumes responsibility of the property and reimburses the bank/lender the entire mortgage amount. This insurance is required generally when you have less than 25% equity or down payment. This insurance is paid by the property owner in advance but usually added to the mortgage amount. See also "G.E. Capital."
  ➥  Insures Canadian mortgage lenders.
Canada Mortgage Bonds (CMB)Est. 2001, Canada
A fully guaranteed fixed interest rate income investment backed by CMHC (a crown corporation of the Government of Canada).
  ➥  Issued by the Canada Housing Trust (CHT).
Canada Pension Plan (CPP)Canada
A public pension plan administrated by the Canadian government.
Canada Pension Plan Investment Board Act (CPPIB)Est. 1997, Canada
Canada Premium Bond (CPB)Canada
  ➥  A Canada Savings Bond program.
Canada Revenue Agency (CRA)Company, Canada
Canada Savings Bond (CSB)Canada
A secure way for Canadians to save. The bonds, which are a form of debt issued by the Canadian government, are cashable, with proper identification, at any time at most Canadian financial institutions.
Canada Small Business Financing Act (CSBFA)Canada
Canada Small Business Financing Program (CSBFP)Est. 1961, Canada
Industry Canada offers loan for establishing, expanding, modernizing and improving small businesses.
Canada Small Business Financing Program Directorate (CSBFPD)Canada
Canada Student Financial Assistance Act (CSFAA)Canada
Canada Student Financial Assistance Regulations (CSFAR)Canada
Canada Student Loans Act (CSLA)Canada
Canada Student Loans Program (CSLP)Canada
  ➥  (Human Resources and Skills Development Canada)
Canadian Agricultural Income Stabilization (CAIS)Canada
  ➥  Provides agricultural producers protection against declines in farming income.
Canadian Centre for Housing Technology (CCHT)Company Est.1998, Ontario, Canada
Canadian Codes Centre (CCC)Company, Canada
Canadian Commission on Building and Fire Codes (CCBFC)Canada
  ➥  An independent committee of volunteers established by the National Research Council of Canada (NRC).
Canadian Cyber Incident Response Centre (CCIRC)Company, Canada
Canadian Environmental Assessment Agency (CEAA)Company, Canada
Canadian Environmental Protection Act (CEPA)Est. 1999, Canada
Canadian General Standards Board (CGSB)Canada
Canadian Home Inspectors and Building Officials (CHIBO)Canada
  ➥  CMHC national research initiative.
Canadian Human Rights Act (CHRA)Canada
Canadian Human Rights Commission (CHRC)Company, Canada
Canadian Intellectual Property Office (CIPO)Company, Canada
  ➥  An agency of Industry Canada.
Canadian Nuclear Safety Commission (CNSC)Company, Canada
Canadian Radio-television and Telecommunications Commission (CRTC)Company, Canada
capital cost allowance (CCA)Canada
Capital Cost Allowance is a method of expensing depreciable assets as defined by the Canadian Income Tax Act (ITA).
Chief Financial Officer Branch (CFOB)Canada
Citizenship and Immigration Canada (CIC)Company, Canada
Classification Nationale des Professions (CNP)Canada
Commercial Heritage Properties Incentive Fund (CHPIF)Canada
Commission Canadienne des Droits de la Personne (CCDP)Canada
  ➥  French acronym for Canadian Human Rights Commission (CHRC).
Commissioner for Federal Judicial Affairs (CFJA)Canada
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