Terms with Tag Taxes
- Kicker — Definition,
- Any benefit to a lender above ordinary fixed-interest payments such as an equity position in a property or a percentage participation in the income stream.
- Land Transfer Tax (LTT) — Acronym,
- A provincial tax payable on any property that changes hands. First time buyers may be eligible for a rebate.
- Land Transfer Tax Act (LTTA) — Acronym, Canada,
- Land Transfer Tax Affidavit (LTTA) — Acronym, Canada,
- Large Corporations Tax (LCT) — Acronym,
- Levy — Definition,
- A cost imposed on an individual or entity.
- Local Improvement Charge — Definition,
- A fixed annual fee levied by a municipality against specific real property for a specific period which amortizes the capital costs of local improvements such as sewers, paved roads, etc. This charge is in addition to real estate taxes.
- Local Taxes — Definition,
- Taxes imposed by local governments (municipalities) to pay for its services. These taxes are in addition to Federal and Provincial taxation.
- Long Term Capital Gain (LTCG) — Acronym,
- Your loss from the sale of a capital asset that you held for more than 12 months.
- Low Rate Income Pool (LRIP) — Acronym, Canada,
- Manufacturers' Sales Tax (MST) — Acronym,
- Marginal Tax Rate (MRT) — Acronym, Important,
- Marital Deduction — Definition,
- For estate tax and gift tax purposes, a deduction that allows you to transfer assets to your spouse tax-free.
- Market Value Assessment (MVA) — Acronym,
- Maximum Exclusion Allowance (MEA) — Acronym, United States, ➥ A US term.
- Mill Rate — Definition,
- A unit of taxation that is a set ratio made by the city or municipality in reference to property taxes.
- Mining Flow-Through Share (MFTS) — Acronym, British Columbia, Canada,
- British Columbia tax credit that allows individuals who invest in flow-through shares to claim a non-refundable tax credit equal to 20% of their flow-through mining expenditures.
➥ Tax credit. - Modified Adjusted Gross Income (MAGI) — Acronym,
- Money Laundering (ML) — Acronym,
- A process used by individuals to conceal illegally acquired funds by converting them into seemingly legitimate income. The term is generally associated with organized crime and those who need to legitimize illegally earned funds.
- Money Laundering Prevention (MLP) — Acronym,
- Money Laundering Risk (MLR) — Acronym,
- Mortgage Interest Deduction (MID) — Acronym, United States,
- Canada Revenue Agency does not allow you to deduction income from the interest on your residential home mortgage unless you are using the equity in your home to purchase an investment.
➥ A US mortgage term. - Moving Expenses — Definition,
- Expenses incurred when you moved in connection with your job and are deductible if they are the reasonable costs of moving yourself, your family and your possessions. You can no longer deduct the cost of meals while moving.
- Municipal Tax Loss Compensation (MTLC) — Acronym, Canada,
- National Average Tax Rate (NATR) — Acronym, Canada,
- National Initiative to Combat Money Laundering (NICML) — Acronym, Canada,
- Natural Area Protection Tax Exemption Program (NAPTEP) — Acronym, Victoria, British Columbia, Canada, ➥ Property tax incentive program.
- Negative Income Tax (NIT) — Acronym,
- Negative Wage Tax (NWT) — Acronym,
- Net Income After Taxes (NIAT) — Acronym,
6.
Kicker -
Manufacturers' Sales Tax
Manufacturers' Sales Tax
