Saturday, 15 February 2025, 8:13 AM
Site: RRU Open Educational Resources
Course: Give Green Canada (Give Green Canada)
Glossary: Here is a Helpful Glossary of Gift Planning
S
Servient tenement.Land over which a burden such as an easement or covenant has been granted in favour of another parcel of land called the dominant tenement. |
ServitudeIn Quebec law, a servitude is a right to use another's land. It is a burden on the land requiring the owner to permit access to the beneficiary of the servitude. |
Statutory right of wayAn easement without a designated dominant tenement registrable against title to land under section 218 of the Land Title Act. |
Strip bondA strip bond (also called a 'zero-coupon bond') is a corporate or government bond that pays no current interest to the holder. It is sold at a discount for considerably less than its future redemption value. |
T
Tax creditAn amount calculated under the Income Tax Act which is subtracted from tax otherwise owing. |
Taxable incomeNet income less certain allowable deductions such as capital losses and capital gains deductions. |
Term insuranceLife insurance written for a specific period that pays a death benefit if the insured dies within that period. |
Testamentary giftA gift that takes effect upon the donor's death. For example, a gift in the donor's will. |
W
WillLegal documents which set out the wishes of the testators for the distribution of their estate and certain other matters after death. |