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,
7.
Net Income Before Tax -
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