Definitions for letter D (Business)


An amount that is owed. If you borrow money or purchase something on credit, you have created a debt.

Deductible expenses

Your deductible expenses equal your total expenses minus your personal portion.


A legal term used for something that is considered to be something else for a specific situation. Also applies to something which hasn’t occurred yet but is still considered to have occurred for a specific situation.

Depreciable property

Property that wears out as it is used over the years. (Examples are cars, farm equipment, and business machines.) It is usually capital property used to earn income from a business or property. You can claim capital cost allowance (CCA) on depreciable property.

Depreciable rental property

This is any rental property on which you can claim capital cost allowance (CCA). The capital cost can be written off as CCA over a number of years.


A decrease in the value of an asset through age, use, and deterioration. In accounting terminology, depreciation is a deduction or expense claimed for this decrease in value.


Generally, the disposal of property by sale, gift, transfer, or change in use.

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