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Course Schedule

Course Modules

Review and Practice

Exam Preparation

Resources

Abbreviations
This glossary contains common abbreviations used throughout the course materials and by many tax practitioners.
Abbreviation Term

ABI ABIL ACB ACL AGL AII AMT APA ATR

Active business income Allowable business investment loss Adjusted cost base Allowable capital loss Annual gains limit Aggregate investment income Alternative minimum tax Advance Pricing Agreement Advance tax ruling

BIL

Business investment loss

CBCA CCA CCPC CRA CDA CEC CECA CFA CGD CGE CGL CLP CNG CNIL CPI CPP

Canada Business Corporations Act Capital cost allowance Canadian-controlled private corporation Canada Revenue Agency Capital dividend account Cumulative eligible capital Cumulative eligible capital amount Controlled foreign affiliate Capital gains deduction Capital gains exemption Cumulative gains limit Common law partner Cumulative net gains Cumulative net investment loss Consumer Price Index Canada Pension Plan

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Course Schedule
CSV

Cash surrender value

Course Modules

Review and Practice

Exam Preparation

Resources

DPSP DTC

Deferred profit sharing plan Dominion tax cases or dividend tax credit

ECE ECP EI EPS EPSP

Eligible capital expenditure Eligible capital property Employment Insurance Earnings per share Employees profit sharing plan

FA FAPI FL FMV FTC

Foreign affiliate Foreign accrual property income Farm losses Fair market value Foreign tax credit

GAAP GAAR GST

Generally-accepted accounting principles General anti-avoidance rule Goods and Services Tax

HST

Harmonized Sales Tax

IC IT ITA ITAR ITC

Information Circular Interpretation Bulletin Income Tax Act Income Tax Application Rules, 1971 Investment tax credit

LCT LPP

Large corporations tax Listed personal property

MNR M&P MURB

Minister of National Revenue Manufacturing and processing profits Multiple unit residential building

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Course Schedule
NBV Net-CL Non-CL NQBI

Course Modules
Net book value Net capital loss Non-capital loss Non-qualifying business income

Review and Practice

Exam Preparation

Resources

OAS OECD

Old age security Organisation for Economic Co-operation and Development

PA POD Pre-72 CSOH PST PUC PUP

Pension adjustment Proceeds of disposition Pre-1972 capital surplus on hand Provincial sales tax Paid-up capital Personal-use property

QSBCS

Qualified small business corporation shares

RDTOH REG RESP RFL RPP RRIF RRSP RSP

Refundable dividend tax on hand Income tax regulation Registered education savings plan Restricted farm loss Registered pension plan Registered retirement income fund Registered retirement savings plan Retirement savings plan

SBC SBD SR & ED

Small business corporation Small business deduction Scientific research and experimental development

TCG TCP TFSA TFZ TPM

Taxable capital gain Taxable Canadian property Tax-free savings account Tax-free zone Transfer pricing methodology

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Course Schedule
UCC

Course Modules
Undepreciated capital cost

Review and Practice

Exam Preparation

Resources

V-day

Valuation day a) b) December 22, 1971 for publicly traded shares and securities December 31, 1971 for all other property, including bonds