TERMIUM Plus®

The Government of Canada’s terminology and linguistic data bank.

PHANTOM INCOME [1 record]

Record 1 1998-10-15

English

Subject field(s)
  • Investment
  • Taxation
DEF

Income represented by ownership of a security considered taxable to the holder, even though no cash is received. This may occur when the issuer keeps part of cash flow from the security to cover the labor and other out-of-pocket costs, or when investors purchase residual cash flows from overcollateralization or excess cash flow from mortgage principal and interest payments.

French

Domaine(s)
  • Investissements et placements
  • Fiscalité

Spanish

Save record 1

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