Glossary > Glossary > R

You can follow the links below to browse all of the articles, or use the search box at the right-hand side of each page. If you want to discuss problems or ask questions about our software, please use our discussion boards.

R

Residual After Debt Service: Debt service capacity minus debt service requirements.


Residual for Growth: Residual after debt service minus depreciation plus principal payments. Represents the funds available for growth or investment.

 

Retained Earnings/Deficit: The accumulated balance of net income in excess of net losses of an incorporated business after any dividends and other appropriate charges or credits. A negative retained earnings balance is termed “deficit.”


Revenue/Sales: The value of all goods produced and sold and all services rendered during the fiscal period from the operation of the business.


RL-1: Statement of Employment and Other Income. Valid for residents of Quebec only.


Rollover: A term used to describe a transaction under which no gain or loss is recognized for tax purposes, so that the tax cost of an asset is “rolled over” to another asset or another taxpayer.

 

Last updated on February 17, 2015 by FCC AgExpert