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A trustee is a person or firm that holds assets for the benefit of a third party.
TSFA is an abbreviation for Tax-Free Savings Account. Learn more here.
Fair market value - The price a willing buyer would pay a willing seller if neither was under any compulsion to buy or sell. It is the standard at which property is valued for a deemed disposition.
Capital Cost Allowance - A taxation term, equivalent to depreciation, that makes allowance for the wearing away of a fixed asset.
Your policy period refers to the time between the beginning and expiry of your policy.