Tax Return

What is a tax return?

Tax Return Definition: Tax returns refer to the process of completing forms to claim all income, deductions, and related information, to the government to determine if there is a tax liability or a refund due to the individual or business.

When businesses file a tax return, this includes the total amount of expenses, streams of revenue that are considered reportable income, capital gains, wages, interest income, and other revenues.

Tax returns also refer to the documentation filed as financial statements, including income and expense reports prepared by an accountant or a financial professional.

A tax return record, once filed and processed with the authority or government, is summarized and provided as a report for an individual or business’s records.

Jul 30 - Comparewise Business Loan Banner

Other business terms:

Business Loan Help Center

How to Get a Grocery Store Business Loan
Best Type of Business Finance for Large Businesses
An End-of-Year Checklist for Your Small Business
How to Get Business Loans in Canada
Smarter Loans
Forward Funding
Kingsmen Capital Investments
Growth Street Capital
SharpShooter Funding
American Express Business Platinum Card
National Bank Allure Mastercard
National Bank MC1 Mastercard
Tangerine World Mastercard


Didn’t find the information you were looking for?

Send us your questions and we will get back to you.

Car loan?
Personal Loan?

Top deals await you just a short
application away!