Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
50% - Moderately

Fiscal Surplus

Synonyms:budget surplus, economic surplus, financial surplus
Filed Under: financial-banking, taxation
Tags: banking, taxes

Definition of fiscal surplus

fiscal surplus
1. When the government receives more in revenue than it spends over the course of the year.

Related Terms and Acronyms:

  • deficit   When expenses surpass income or liabilities surpass assets.
  • economic growth   The rate of change in output from one year to the next.
  • fiscal deficit   When the government spends more money than it receives in revenue over the course of one year.
  • fiscal policy   The use of government spending and taxation policies to influence the economy.
  • gross domestic product (GDP)   The total value of all the goods and services produced by the Canadian economy in a single year.
  • North American Free Trade Agreement (NAFTA)   An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
  • surplus   When an entity's income exceeds its expenses.

Search the Glossary

Not All Brokers Offer Great Rates
The majority of brokers in Canada limit themselves to using a small network of lenders. We however, have access to dozens of lenders and the lowest mortgage rates in Canada.
Mortgage Rates
Mortgage Calculator
How does an adjustment in the size of your down payment change how much you'll end up paying for your new home? The difference can be staggering. Use our mortgage calculator and see how a simple change can save you tens of thousands of dollars.
Mortgage Calculator
Mortgage Rates
Mortgage rates are at the lowest they've been in years. Lock in while you still have a chance to take advantage of these historically low rates.
Mortgage Rates