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Canadian Financial, Real Estate and Mortgage Glossary

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Caisse populaire — Canadian Apartment...
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caisse populaire (CP) — Acronym
  ➥  French for credit union.
Caisses populaires acadiennes — Bank Est.1936, New Brunswick, Canada
  ➥  A Canadian NHA approved mortgage lender that offers all lending types, including both residential single family and multi-unit mortgages.
calendar year deductible (CYD) — Acronym
Calgary Real Estate Board (CREB) — Company Est.1927, Calgary, Alberta, Canada, Important
call deposit accountDefinition
A bank account that combines some features from both savings and checking accounts.
call optionDefinition
A clause in a mortgage that gives the lender the right to request the balance at any time.
Canada (CA, CAN) — Canada
  ➥  Top level Internet domain (e.g. or
Canada Child Tax Benefit (CCTB) — Canada
The Canada Child Tax Benefit is a tax-free monthly payment made to eligible families to help them with the cost of raising children under age 18.
  ➥  Pamphlet T4114.
Canada Deposit Insurance Corporation (CDIC)Company Est.1967, Ottawa, Ontario, Canada, Important
A crown corporation that provides deposit insurance against the loss of deposits made with member financial institutions.
  ➥  Government of Canada federal crown corporation.
Canada Education Savings Grant (CESG)Canada
Program recently introduced by the federal government whereby it will invest, in the form of grants, along-side parents who save for their children's education through RESPs. The government will top up contributions made to an RESP by 20% up to a yearly maximum of $400 per beneficiary.
Canada Housing Trust (CHT) — Canada
Canada Learning Bond (CLB) — Canada
A grant offered by the Government of Canada to help parents, friends, and family members save early for the post-secondary education of children in modest-income families.
  ➥  See also Canada Education Savings Grant (CESG).
Canada Life Assurance (CLA) — Company, Canada-wide
Canada Life Financial Corporation (CLFC) — Company, Ottawa, Ontario, Canada
Canada Mortgage and Housing Corporation (CMHC)Company Est.1946, Canada-wide, Very Important
The Canada Mortgage and Housing Corporation: this is a Federally run institution that provides banks and lenders with mortgage insurance. Not to be confused with life or property insurance. In the event of default or foreclosure CMHC assumes responsibility of the property and reimburses the bank/lender the entire mortgage amount. This insurance is required generally when you have less than 25% equity or down payment. This insurance is paid by the property owner in advance but usually added to the mortgage amount. See also "G.E. Capital."
  ➥  Insures Canadian mortgage lenders.
Canada Mortgage Bonds (CMB) — Est. 2001, Canada, Very Important
A fully guaranteed fixed interest rate income investment backed by CMHC (a crown corporation of the Government of Canada).
  ➥  Issued by the Canada Housing Trust (CHT).
Canada Pension Fund (CPF) — Canada
Canada Pension Plan (CPP)Canada, Important
A public pension plan administrated by the Canadian government.
Canada Pension Plan Investment Board Act (CPPIB) — Est. 1997, Canada
Canada Premium Bond (CPB) — Canada
  ➥  A Canada Savings Bond program.
Canada Revenue Agency (CRA) — Company, Canada, Important
Canada Savings Bond (CSB)Canada
A secure way for Canadians to save. The bonds, which are a form of debt issued by the Canadian government, are cashable, with proper identification, at any time at most Canadian financial institutions.
Canada Small Business Financing Act (CSBFA) — Canada
Canada Small Business Financing Program (CSBFP) — Est. 1961, Canada
Industry Canada offers loan for establishing, expanding, modernizing and improving small businesses.
Canada Student Loan (CSL) — Canada
Canada Student Loans Program (CSLP) — Canada
  ➥  (Human Resources and Skills Development Canada)
Canada Trust Company (CTC) — Company, Canada-wide
Canadian (C, CANAD) — Canada
Canadian Academic Accounting Association (CAAA) — Company, Ottawa, Ontario, Canada
  ➥  Research and education in accounting related areas.
Canadian Apartment Properties Real Estate Investment Trust (CAPREIT) — Company, Canada
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Search the Glossary

Index for The Letter 'c'

Page 1: Caisse populaire
Canadian Apartment...
Page 2: Canadian Association of...
Canadian Information Centre...
Page 3: Canadian Institute for...
Canadian Securities...
Page 4: Canadian Society of...
Card Identification Number
Page 5: Card Validation Code
Ceding Party
Page 6: Central 1 Credit Union
Chartered Insurance...
Page 7: Chartered Insurance...
Clean Sheeting
Page 8: Clear Title
Combination Account
Page 9: Combined Loan-to-Value
Commissioner for Federal...
Page 10: Commissioners' Reserve...
Comprehensive Insurance
Page 11: Comptroller
Consolidated Credit...
Page 12: Consolidated Net Operating...
Contributory Negligence
Page 13: Controlled Growth
Cost of Insurance
Page 14: Cost of Living Adjustment
Credit Life Insurance
Page 15: Credit Limit
Current Loan-to-Value Ratio
Page 16: Current Market Value
Customer Relationship...

Notable Terms

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