GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Personal Disposable Income


Synonyms:disposable income, gross wage minus deductions, net earnings, take home pay
Filed Under: financial-banking, taxation
Tags: banking, taxes
 

Definition of personal disposable income

personal disposable income
1. Personal income that is left after subtracting personal income tax payments. Also called "take-home pay."

Related Terms and Acronyms:

  • before-tax income   Earnings before income taxes are paid.
  • earned income   Money earned through wages, salaries, tips, net earnings (if self-employed), and any other income received for work or personal services. Investment income, such as dividends and interest, is not counted as earned income.
  • household income (HHI)   The total income of all members of a household.
  • income tax   The main source of revenue for the federal government and many Provinces. The tax is based on your earned and unearned income. The amount or percentage taxed is based on the amount of income, using the governments graduated tax scale.
  • net cash flow (NCF)   Incremental after-tax income plus depreciation expense resulting from investment.
  • ordinary income   Income that does not qualify as a capital gain including wages, interest, dividends, and net income from a business.
  • personal consumption spending   What households collectively spend on goods and services.
  • personal savings   Put own money away.
  • taxable income   Income that is subject to taxation after accounting for adjustments, exemptions, and deductions.
  • unearned income   Income such as interest, dividends, capital gains or rents, as opposed to earned income, such as wages, tips and salaries.

More Related Terms and Acronyms

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