- A
- Amortization
Number of years over which the principal and interest of a loan are paid. The maximum amortization period for a mortgage loan is 25 years. - Assets
All of the tangible and intangible property belonging to a company or to a person: money, equipment, securities, buildings, etc. - D
- Decile
In the Morningstar ratings, the term decile refers to the positioning of a mutual fund in relation to other funds in its peer group. For... - F
- Family trust
Financial tool that enables members of a family to reduce their taxes while providing for the financial future of their descendants or heirs who have... - G
- Group RRSP
Plan in which participants invest in order to receive a retirement income. A customized Group RRSP meets the requirements of the Voluntary Retirement Savings Plans... - H
- Home Buyers' Plan (HBP)
Program which under certain conditions enables you to borrow funds from your Registered Retirement Savings Plan (RRSP) to buy or build a home. The maximum... - I
- Incapacity
Inability of a person to administer his or her property for the following reasons: degenerative mental illness stroke intellectual disability head injury age-related impairment - Income splitting
Method of transferring, in the form of a gift or a loan, part of the income of a person in a higher tax bracket to... - Individual Pension Plan (IPP)
Registered defined benefit pension plan that enables a company to save for the retirement of a key employee or a major shareholder. - Investment vehicle
Generic term for a variety of financial products in which one can invest and grow one’s money: RRSP, mutual funds, etc. - J
- Joint-stock corporation or company
"Artificial person" that can own property and enter into agreements in its own name. Legal entity belonging to the shareholders, who are not personally responsible... - L
- Lease
Financing method that enables you to buy property (movable or immovable) at the end of a lease contract. No down payment is required. Rent paid... - Life income fund (LIF)
Registered account to which sums accumulated in a LIRA can be transferred. - Lifelong Learning Plan (LLP)
Plan that enables you to withdraw funds from your RRSP to finance full-time training or education for you or your spouse. The withdrawal limit is... - Locked-in Retirement Account (LIRA)
Account to which “locked-in” sums from an employer pension plan, certain annuity contracts, or another LIRA can be transferred. - M
- Median
The median value of a category is the mid-point of that value's distribution for all funds in a sample. For instance, one half of the... - Morningstar rating
Morningstar is a leading provider of independent investment research in North America, Europe, Australia, and Asia. Morningstar provides data and research insights on a wide... - Mortgage loan
Loan for the purchase of a home or other property which is paid back over many years. The property serves as security for the repayment... - Mortgage term
Period during which the terms and conditions of your loan remain in force. For example: a mortgage amortized over 25 years with a 5-year term... - P
- Portfolio
Term that designates all the financial assets, securities or investments held by an institution or an individual. - Q
- Quartile
The quartiles divide the data into four equal regions. Expressed in terms of rank (1, 2, 3 or 4), the quartile measure shows how well... - Québec enterprise number (NEQ)
Numerical identifier assigned to a business when it registers in the enterprise register. - R
- Registered Education Savings Plan (RESP)
Allows savings for education to grow tax-free and gives entitlement to government grants. Plan funds are used to pay for the post-secondary education of your... - Registered plans
Savings plans or registered investments designed to help individuals save primarily for retirement or to obtain tax deferrals, depending on the product chosen. General features:... - Registered Retirement Income Fund (RRIF)
Registered account to which sums accumulated in an RRSP can be transferred. Income earned in an RRIF is tax-exempt. Amounts paid out of an RRIF... - Registered Retirement Savings Plan (RRSP)
Plan in which participants invest in order to receive a retirement income. Contributions are tax deductible. Capital gains and income earned in the plan are... - Risk tolerance
An investor’s capacity to accept a substantial decrease or loss in value of the investments in their [itg-glossary glossary-id="5340"]portfolio[/itg-glossary]. The risk level is often proportional... - S
- S&P/TSX Index
The S&P/TSX is a Canadian benchmark index which represents about 70% of the total market capitalization of the Toronto Stock Exchange (TSX) and which includes... - Share
Ownership security or share of the capital of a company held by a shareholder in the business. - Supplemental Pension Plan (SPP)
The two main types of supplementary pension plans to which employers and employees can contribute are: Defined benefit plans The amount of benefits is fixed... - T
- Tax Free Savings Account (TFSA)
Savings account that enables individuals age 18 or over to earn investment income tax-free. The annual contribution limit may vary. Sums withdrawn from a TFSA... - Transfer duties
Registration duties paid to the municipality when buying a property. Also called "welcome tax," these duties are payable within 30 days following receipt of the... - U
- Unit value
Indicator of the market value of a single unit, security, bond or share held in an investment fund. - V
- Volatility
Term designating the variation in the price of a security over a given period. - W
- Wealth management
Service that takes charge of managing your investments and covering the seven areas of financial planning: taxation, legal aspects, investments, retirement, finances, insurance, estate.
