Accounting and tax glossary
Accounting and tax terminology explained simply, without jargon. Thirty terms that every business owner in Quebec encounters, clearly defined to help you understand your financials and communicate more effectively with your accountant.
Understanding these few terms makes all the difference: you’ll be able to read your financial statements stress-free, ask the right questions, and avoid costly mistakes with Revenu Québec and the Canada Revenue Agency. Each entry provides a straightforward definition, a concrete example, and the reasons why the term matters to your business.
Terms are grouped by topic: taxation, payroll, accounting, and legal matters. Click on a term to open its full entry, which includes a definition, an example, frequently asked questions, and related Bankeo Tools.
Taxation
Taxes, deductions, and registered savings plans.
Payroll
Withholdings, contributions, and forms related to employees.
Accounting
Financial statements, key metrics, and accounting tasks.
Legal
Your Business Structure and Articles of Incorporation.
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