Thursday, 3 October 2024, 9:37 AM
Site: RRU Open Educational Resources
Course: Give Green Canada (Give Green Canada)
Glossary: Here is a Helpful Glossary of Gift Planning
C
CapitalWith reference to a trust, the principal upon which income is earned. Also called corpus. |
Capital cost allowanceA prescribed amount claimed on depreciable property acquired for the purpose of producing income and deducted from income from a business or property. Effectively, it allocates the cost of assets over the useful life of the asset. |
Capital gainA gain arising on the disposition of capital property calculated by subtracting the adjusted cost base of capital property plus the cost of disposing of the property from the value of the property at the time of its disposition. |
Capital lossA loss arising on the disposition of capital property, generally, the excess of the adjusted cost base over the proceeds of disposition of the property, less the costs associated with disposing of the property. |
Capital propertyGenerally, depreciable property and property in relation to which a gain or loss on disposition of the property would be a capital gain or a capital loss. Capital property may be any kind of property but does not include inventory of a business. |
CCRACanada Customs and Revenue Agency. |
Certified cultural propertyAn artwork, artifact, or structure that, if approved by the Canadian Cultural Property Export Review Board, qualifies for special tax treatment when donated to a qualified charity. |
Charge on landIn the Land Title Act, an estate or interest in land less than the fee simple. Includes encumbrances such as judgments, mortgages, and liens. Charges may be registered against title to land in the Land Title Office. |
Charitable donationsGifts made to registered charities. |
Charitable Remainder TrustCharitable remainder trust. An irrevocable trust that pays income to one
or more individual beneficiaries for life or a term of years, and then
distributes the remaining assets to one or more charities. |