Your All-in-One Canadian Financial Dictionary
Payroll deductions
Amounts taken from your paycheque before you receive it like taxes, CPP, EI, and benefits.
Pending transaction
A payment you’ve made that hasn’t fully processed yet. The money is already reserved, even if it hasn’t been officially deducted.
Pension
Income you receive in retirement, usually built up through contributions during your working years.
Personal Identification Number (PIN)
A private code used with your debit or credit card to confirm it’s really you making a transaction.
Portfolio
All your investments combined like stocks, funds, and other assets in one place.
Property insurance
Another name for home insurance coverage that protects your home and belongings from damage or loss.
Purchase interest
Interest charged on your credit card when you don’t pay your full balance by the due date.