|
| |||||||||||||||||||||||||||
|
 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Results found: 39 | Page: 1 of 4 |
|
Illegal View (Quebec) The existence of any exterior openings in a building which creates an illegal view of adjoining lands. |
|
Imports Goods and services produced in other countries and sold in Canada. |
|
Income Approach (To Value) One of the steps in the valuation process of an income property. The estimate of value is reached by estimating the annual income less an allowance for vacancies and bad debts and subtracting annual operating expenses, real estate taxes and insurance premiums to obtain the net operating income. This is then converted by capitalization into a capital value. |
|
Income Property Real estate developed or improved to produce income. Also referred to as "non-owner occupied property" or "rental property." |
|
Income-splitting A financial strategy for tax purposes. Splitting income refers to the process of shifting income from the hands of one family member to another, who is in a lower tax bracket and will therefore pay tax at a lower rate. This helps reduce your family’s overall tax burden. |
|
Income Statement Also known as the profit & loss statement or P&L, enables you to calculate your company’s pre-tax profits by subtracting total expenses from total revenues. |
|
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. |
|
Indefeasible That which cannot be forfeited or done away with. Indemnity Protection or exemption from loss or damage. |
|
Independent Bank A bank that is locally owned and operated, and not associated with a bank holding company. Also referred to as a community bank. |
|
Index A table of yields or interest rates being paid on debt (such as Treasury notes or bank deposits) that is used to determine interest-rate changes. |
|
Inflation A rise in the average level of prices in the economy. |
|
Informal Trust Also known as in-trust account or "bare" trust, this is an investment account registered in an adult's name in trust for a child. The account is used to save/invest funds for a child, and the funds must be reserved for and used by the beneficiary child. |
|
||||||||||||||||||||||
 |
 |
 |
|
||||||||||||||||||||||||
|
 |
|
|
||||||||||||
| ©1999-2007 Sidepix Inc. & The Canadian Equity Group. All trademarks and logos property of their respective owners. Guaranteed lowest mortgage rates in Calgary, Edmonton, Lethbridge, Medicine Hat, Red Deer and all major centres OAC. Although every attempt is made to ensure accuracy, the mortgage information above should only be used as a guideline. For questions or comments about our website, security practices or policies, call our web support line at 1-866-530-5541. |  |
 |
