Terms with Tag Taxes

  • Net Income Before Tax (NIBT)Acronym,
    • Net Income for Tax Purposes (NIFTP)Acronym, Canada,
      • Net Long-Term Capital Gains (NLTCG)Acronym,
        • Net Operating Loss (NOL) Acronym, Very Important,
          • A net loss for the tax year because of business or casualty losses. Taxpayers may use an excess loss of one year as a deduction for certain past or future years.
        • Net Operating Loss Carryover (NOLCO)Acronym,
          • Net Operating Loss Deduction (NOLD)Acronym,
            • Net Short-Term Capital Gain (NSTCG)Acronym,
              • Net Worth Definition,
                • The total value of all assets, such as house, car, furniture and investments, minus all debts, such as mortgages and credit card bills.
              • New Brunswick Child Tax Benefit (NBCTB)Acronym, New Brunswick, Canada,
                • A non-taxable amount paid monthly to qualifying families with children under the age of 18 in New Brunswick.
                See also Canada Child tax benefit (CCTB).
              • Newfoundland and Labrador Child Benefit (NLCB)Acronym, Newfoundland and Labrador, Canada,
                • Provincial tax credit for families with low income that have children under 18 years of age.
                See also Canada Child Tax Benefit (CCTB).
              • Newfoundland and Labrador Seniors' Benefit (NLSB)Acronym, Newfoundland and Labrador, Canada,
                  Refundable tax credit for low income seniors.
                • Non-dischargeable Debt Definition,
                  • Debt that cannot be eliminated in bankruptcy such as Federal taxes.
                • Non-refundable Credit Definition,
                  • Tax credits reduce your tax liability dollar-for-dollar. Non-refundable credits can get your tax bill down to zero.
                • Non-Tax Qualified (NTQ)Acronym, United States,
                    A US taxation term.
                  • Not-for-Profit Definition,
                    • An Organization operated solely for: social welfare, civic improvement, pleasure or recreation, or any other purpose except profit.
                  • Notice of Assessment (NOA) Acronym, Canada, Important,
                    • A form the federal government issues when personal taxes are complete. A notice of assessment shows a breakdown of the given years income along with the balance owing or refund.
                    Canada Revenue Agency's T451 tax form.
                  • Ontario Book Publishing Tax Credit (OBPTC)Acronym, Ontario, Canada,
                    • Ontario Child Care Supplement (OCCS)Acronym, Ottawa, Ontario, Canada,
                      • A tax-free monthly payment for low- to moderate-income working families with children under seven years of age in Ontario.
                    • Ontario Energy and Property Tax Credit (OEPTC)Acronym, Ottawa, Ontario, Canada,
                        This property tax credit is administrated by Canada Revenue Agency on behalf of the Province of Ontario.
                      • Ontario Innovation Tax Credit (OITC)Acronym, Ottawa, Ontario, Canada,
                        • Ontario New Technology Tax Incentive (ONTTI)Acronym, Ontario, Canada,
                          • Ontario Production Services Tax Credit (OPSTC) Acronym, Ottawa, Ontario, Canada,
                            • Ontario Property Tax Credit (OPTC)Acronym, Ottawa, Ontario, Canada,
                              • Ontario Sales Tax Credit (OSTC)Acronym, Ottawa, Ontario, Canada,
                                • Ontario Senior Homeowners' Property Tax Grant (OSHPTG)Acronym, Ottawa, Ontario, Canada,
                                  • Ordinary Dividends Definition,
                                    • The distribution of a company's profits that are subject to full taxation.
                                  • Ordinary Income Definition,
                                    • Income that does not qualify as a capital gain including wages, interest, dividends, and net income from a business.
                                  • Passive Activity Definition,
                                    • An activity in which a person does not materially participate such as real estate rentals and limited partnerships.
                                  • Passive Loss Definition,
                                    • Loss from a passive activity. Passive loss rules limit the amount of passive loss you can deduct to the total of your other income from passive activities.
                                  • Pay-As-You-Earn (PAYE)Acronym,
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