Glossary > Glossary > E

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E

Employer Number: An assigned CRA account number for all of your payroll deduction remittances.


Enterprise: A specific profit centre for your business operation. i.e.: Cattle, grain.


Equity: The interest of the owner in the assets of a business. This is represented by the excess of the total assets over the total liabilities.


Expense: The costs incurred by the business in the process of earning income. Expenses are measured by the cost of goods and services consumed during the operation of the business.


Extraordinary Income: Income the business received that won’t likely be received in the future on an ongoing basis (Western Grain Transition payments, insurance settlement, grants).

 

Last updated on February 17, 2015 by FCC AgExpert