Tag: purposes
The Pros and Cons of Incorporating for Tax Purposes in Canada
Incorporating a business in Canada is a major decision that can have significant tax implications for a business. When a business is incorporated, it...
Digital Documents: The Benefits And Drawbacks Of Online Pay Stubs
The modern digital age provides us with significant changes. Moreover, these changes affect how individuals work and manage their income. One example of this...
5 Reasons Lab-Grown Diamonds Are Perfect For Engagement Rings
When a portion of light hits the diamond, it scatters and fractures throughout the stones, creating a sparkling illusion. For this reason, many women...
Incentive Stock Options (ISOs)
What are incentive stock options (ISOs)?
Incentive stock options (ISOs) are a type of employee stock option that offers certain tax advantages. ISOs are only...
Nationally Recognized Statistical Ratings Organization (NRSRO)
What is 'Nationally Recognized Statistical Ratings Organization - NRSRO' The formal term to describe credit rating agencies that provide credit ratings that...
Accelerated Depreciation
DefinitionAccelerated depreciation refers to any one of several methods by which a company, for 'financial accounting' or tax purposes, depreciates a fixed asset in...
Accelerated Cost Recovery System (ACRS)
What is 'Accelerated Cost Recovery System - ACRS' A system of depreciation introduced by the Economic Recovery Tax Act of 1981. ACRS...
Canadian Income Trust
What is 'Canadian Income Trust' A type of corporate structure as designated by the Canada Revenue Agency that operates as a profit-seeking...
Canadian Originated Preferred Securities (COPrS)
What is 'Canadian Originated Preferred Securities - COPrS' A long-term subordinated debt instrument issued in Canada. COPrS (pronounced "coppers") are a type...
Parsonage Allowance
Did you know that you could receive a parsonage allowance? A parsonage allowance is a tax-free housing allowance given to ministers, priests, and rabbis....