eLoanCanada.com
#1 Canadian Loan & Credit Services Online
Canadian Loans by Province
Alberta Canada
British Columbia Canada
Manitoba Canada
New Brunswick Canada
Newfoundland Canada
Northwest Territories Canada
Nova Scotia Canada
Ontario Canada
Prince Edward Island Canada
Quebec Canada
Saskatchewan Canada
Yukon Territory Canada
Nunavut Canada
Canada
Alberta
BC
Man.
NB
NFL
NWT
NS
Ontario
PEI
Quebec
Sask.
Yukon
Nun.
Mortgages
Personal Loans
Payday Loans
Credit Cards
Apply Today!
eLoanCanada will best match your loan need!
Featured Partner
Global Quote
Auto Mortgage Calculator
Auto Mortgage Calculator
Auto Mortgage Calculator
Auto Mortgage Calculator
Financial Resources
Financial Tools
Apply Loan Online
Directory Canada
Auto Mortgage Calculator
Auto Mortgage Calculator
Learning Center
Auto Mortgage Calculator
Auto Mortgage Calculator
Auto Mortgage Calculator
Loan Directory
Home
Home > Learning Center > Glossaries > Economic & Finance Terms Glossary
Francais
Student Loans
 
Loan Canada
 
Economic, Finance & Revenue Canada Explained!
 
Ultimate Financial and Investment knowledge base that could lead you to understand indepth economic market of Canada. Its a socio-economic financial platform specially arranged for the professionals and as well as students and knowledge seeker. Here you'll find atleast all the financial ins and outs.
 
eLoanCanada is pleased to offer its Learning Center with variety of educational articles & a comprehensive Terms and Glossaries to help you navigate through the world of
Personal Finance.
Auto Loans
Learning Center

Economic, Finance & Revenue Canada O

eLoanCanada! an informed  choice  about  which  loan  is  best suited for you!
Share
Auto Mortgage Calculator
Loan Products
Apply Your Loan Online Now! Loans Available to Canadian Residents & Businessmen!
Apply Your Loan Online Now! Loans Available to Canadian Residents & Businessmen!
Confused By The Economic, Finance & Revenue Canada Terms and Definitions? Get The Answers Here!
 
A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z
 
O
Office of The Superintendent of Financial Institutions (OSFI) - Old Age Security (OAS) - Ombudsman - Ombudsman For Banking Services and Investments (OBSI) - Operating Balance - Organisation for Economic Co-operation and Development (OECD) - Overcontribution Allowance - Overdraft Protection - Overnight Financing Rate - Ownership Restriction - Ownership Rules
 
Office of The Superintendent of Financial Institutions (OSFI)
A federal agency established under the Financial Institutions and Deposit Insurance System Amendment Act to supervise all federally regulated financial institutions. These include all banks, all federally-incorporated or registered insurance, trust, and loan companies, co-operative credit associations, and fraternal benefit societies. OSFI is also responsible for monitoring federally regulated pension plans. For more information, visit the Office of the Superintendent of Financial Institutions Web site.
 
Old Age Security (OAS)
A monthly payment to Canadians age 65 and over. OAS payments are taxable and are reduced for individuals with net income in excess of $55,309. For more information, visit Human Resources Development Canada's Old Age Security Program Web page.
 
Ombudsman
An individual appointed to receive, investigate, report on and (in some instances) resolve complaints against institutions. The Ombudsman for Banking Services and Investments (OBSI) is an example.
 
Ombudsman For Banking Services and Investments (OBSI)
An independent, industry-sponsored organization that investigates complaints from individuals and small businesses about banking services. Its goal is to provide fair, impartial and prompt resolution of complaints, based on good business and banking practices. For more information, visit the Ombudsman for Banking Services Web site
 
Operating Balance
For the federal government, the balance or difference between revenues and program spending, which includes all budgetary spending except interest on the public debt.
 
Organisation For Economic Co-operation and Development (OECD)
A Paris-based organization with a membership of 29 industrialized countries responsible for study of and co-operation on broad range of economic, trade, scientific and educational issues. Canada has been a member since the organization was founded in 1961. For more information, visit the OECD Web site.
 
Overcontribution Allowance
An amount (up to $2,000) of excess contributions permitted to a registered retirement savings plan (RRSP) to provide a margin of error for overcontributions without incurring a penalty tax of 1% a month. For more information, visit the Canada Customs and Revenue Agency Registered Retirement Savings Plans Web page.
 
Overdraft Protection
A short-term source of credit which allows you to overdraw on your account up to a pre-established limit. For example, overdraft protection spares customers both the cost and the personal embarrassment of NSF cheques.
 
Overnight Financing Rate
The overnight financing rate is the rate at which investment dealers and other financial market participants borrow and lend funds for one business day. This is the rate over which the Bank of Canada has the most control. Through its daily operations the Bank affects the level of settlement balances in the financial system in order to influence the overnight interest rate. For example, if a commercial bank needs funds to cover the transactions at its branches during the day, it can borrow from the Bank of Canada at the bank rate, or on the overnight financing market from a participant that has excess funds. The rate charged for a one-day loan is the overnight rate. For more information on the Bank of Canada, visit the Bank of Canada Web site.
 
Ownership Restriction
Ownership restrictions limit the ownership by certain purchasers or of certain assets. An example would be limits on the number of shares an individual investor may own.
 
Ownership Rules
Federal rules and restrictions governing the ownership of financial institutions. For example, the Bank Act prohibits control of any large financial institution by any single shareholder or group of shareholders. Large banks (those with equity greater than $5 billion) must be "widely held" — that is, no one investor can own more than 20% of any class of voting shares or 30% of non-voting shares.
 
Return to top
.
.
.
.
.
.
.
.
.
.
.
.
Learning Center
 Articles »
Related Feed
Ads by AdGenta.com
About Us  |  Contact Us  |  Privacy Statement  |  Terms and Conditions  |  Acknowledgements  |  Sitemap
©2005-2007 eLoanCanada.com All Rights Reserved. Web's Premier Resource For Loan Canada! Revenue Canada, Economic, & Financial Terms