Here is a Helpful Glossary of Gift Planning
Here is a Helpful Glossary of Gift Planning
Browse the glossary using this index
Special | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z | ALL
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. | |