Your All-in-One Canadian Financial Dictionary
Book Value
The value of a company based on its financial records. It’s what’s left after subtracting what the company owes from what it owns.
Breakeven Point
The point where you’re not making or losing money. Your total income matches your total costs/expenses
Broker
A person or company that buys and sells investments for you. They act as a middleman and usually charge a fee or commission for the service.
Budget
A plan for your money. It shows how much you expect to earn, how much you’ll spend, and helps you stay in control of your finances.
Bull Market
A market characterized by rising prices and investor confidence. During a bull market, economic fundamentals are strong, and investors are optimistic about future growth.
Business number (BN)
A unique ID given to your business by the Canada Revenue Agency. It’s used for taxes and other official business matters.