top of page

Unraveling the Financial Alphabet

  • Latimer Financial
  • Dec 23, 2022
  • 1 min read

Business and Taxes

  • AMT Alternative Minimum Tax

  • CCA Capital Cost Allowance

  • CEC Cumulative Eligible Capital

  • CNIL Cumulative Net Investment Loss

  • EBITDA Earnings Before Interest, Taxes, Depreciation and Amortization

  • UCC Undepreciated Capital Cost

Government and Children

  • CCTB Canada Child Tax Benefit

  • CESG Canada Education Savings Plan

  • CDB Child Disability Benefit

  • NCB National Child Benefit Supplement

  • RESP Registered Education Savings Plan

    • HBP Home Buyer’s Plan

    • LLP Lifelong Learning Plan


Government and the Disabled

  • CDSB Canada Disability Savings Bond

  • CDSG Canada Disability Savings Grant

  • DTC Disability Tax Credit

  • RDSP Registered Disability Savings Plan

Government and Pensions

  • CPP Canada Pension Plan

  • EI Employment Insurance

  • GIS Guaranteed Income Supplement

  • OAS Old Age Security Pension

  • QPP Quebec Pension Plan

Investment Terms

  • CD Certificate of Deposit

  • DSC Deferred Sales Charge

  • FEL Front-End Load

  • GIC Guaranteed Investment Certificate

  • IR Internal Rate of Return

  • LL Low Load

  • ROR Rate of Return

  • TD Term Deposit

Life Insurance

  • LPL Limited Payment Life

  • MTAR Maximum Tax Actuarial Reserve

  • T10 Or, T5, T20 – Term insurance for a period of 5, 10 or 20 years

  • T100 Term Insurance to Age 100

  • UL Universal Life

  • WL Whole Life (insurance)

Individual Pensions

  • IPP Individual Pension Plan

  • PA Pension Adjustment

  • PAR Pension Adjustment Reversal

  • RPP Employer Registered Pension Plan

    • DBP Defined Benefit Plan

    • DCP Defined Contribution Plan

    • MPP Money Purchase Plan

    • PSPA Past Service Pension Adjustment


Retirement Savings and Investment

  • DPSP Deferred Profit Sharing Plan

  • LIF Life Income Fund

  • LIRA Locked-In Retirement Account

  • LRIF Locked-In Retirement Income Fund

  • PRIF Prescribed Retirement Income Fund

  • RRIF Registered Retirement Income Plan

  • RRSP Registered Retirement Savings Plan

  • TFSA Tax-Free Savings Account

Common Designations for Advisors’ Education

  • CDFA Certified Divorce Financial Analyst

  • CFP Certified Financial Planner

  • CSA Certified Seniors Advisor

  • CH.F.C. Chartered Financial Consultant

  • CLU Chartered Life Underwriter

  • RFP Registered Financial Planner

  • TEP Trust and Estate Planner

 
 
 

Comments


Subscribe to our newsletter

Thanks for subscribing!

Latimer Financial Services logo in white

Our mission is to deliver sound financial planning advice with integrity and expertise. We listen to our clients, putting their unique needs first, and carefully matching people with the best products and services available.

QUICK LINKS

USEFUL LINKS

Investia Financial Services logo in white

Mutual funds, approved exempt market products and/or exchange traded funds are offered through Investia Financial Services Inc. The particulars contained herein were obtained from sources which we believe reliable but are not guaranteed by us and may be incomplete. The opinions expressed have not been approved by and are not those of Investia Financial Services Inc. This website is not deemed to be used as a solicitation in a jurisdiction where this Investia representative is not registered.

Copyright @ 2023 Latimer Financial Services Ltd. All Rights Reserved.  |  Site by Cheers & Company

bottom of page