Unraveling the Financial Alphabet

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