Glossary – W

Canadian System of National Accounts glossary – W
Term Definition
Wages and salaries Monetary compensation and payments-in-kind (for example, board and lodging), to wage earners and salaried persons employed in Canadian economic territory, including domestic servants and baby-sitters. Includes other forms of compensation, namely commissions, tips, bonuses, directors' fees and allowances such as those for holidays and sick leave, as well as military pay and allowances. It is recorded on a gross basis, before any deduction for income taxes, pensions, unemployment insurance and other social insurance schemes. Excludes mandatory and non-mandatory employer contributions on behalf of employees to social insurance plans, which are treated as supplementary labour income.

See also: Primary inputs
 
Component of: Labour income

Reference: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017; Gross Domestic Product by Industry, Sources and Methods, Catalogue no. 15-547

Source: Guide to the Income and Expenditure Accounts, Catalogue no. 13-017; System of National Accounts 2008

French: Salaires et traitements
Warrant A form of options that are treated in the financial account in the same way as other options. Warrants are tradable instruments giving the holder the right to buy, under specified terms for a specified period of time, from the issuer of the warrant (usually a corporation) a certain number of shares or bonds. There are also currency warrants based on the amount of one currency required to buy another and cross-currency warrants tied to third currencies. They can be traded apart from the underlying securities to which they are linked and therefore have a market value. The issuer of the warrant incurs a liability, which is the counterpart of the asset held by the purchaser.
 
Reference: About the government finance statistical program

Source: System of National Accounts 2008, paragraph 11.119

French: Warrant
Waste Any material or energy that is of no monetary value or material use to the producer and that is disposed of, either directly to the environment or through another economic agent, without remuneration to the producer. This definition encompasses all types of wastes, regardless of physical form (gas, liquid, solid or some form of energy) or point of entry into the environment. Material or energy need only be without value or use to its producer for it to be considered waste, notwithstanding any value or use that another economic agent may ascribe to it.
 
Waste management industry Broadly includes all firms and public bodies operating in Canada that provide the services of collection, transportation, diversion, treatment or disposal of waste or recyclable materials.
 
Water consumption Calculated as the difference between water intake and water discharge and is the portion of water not returned directly to the water environment.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Consommation d'eau
Water demand The amount of water that society would like to withdraw from water resources. Water intake is taken as a proxy for demand. If not all demands are met, then water intake would underestimate demand.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Demande d'eau
Water discharge Water that is returned to the environment in its liquid state, usually close to an industrial establishment. Discharged water may be treated or untreated. Evaporation is water consumption, not water discharge.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Eaux usées
Water intake The total amount of water added to the water system of an establishment or household to replace water discharged or consumed. It may be broken down into the amounts withdrawn from various sources (for example, surface water or groundwater) and the amounts used for various purposes, or end uses.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

Notes: Synonym of water withdrawal.

French: Prélèvement d'eau
Water recirculation The process of using water more than once in an industrial establishment. It applies mainly to industrial cooling and processing activities.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Recirculation de l'eau
Water supply The major sources that contribute to our water resources—precipitation, surface water and groundwater.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Approvisionnement en eau
Water table The subsurface level marking the boundary between the lower saturated zone and the upper, unsaturated zone.
 
Water use The amount of water withdrawn from water resources to support society in both the economic and residential sectors.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Utilisation d'eau
Water withdrawal See water intake.
 
Water yield The amount of freshwater derived from unregulated flow measurements for a given geographic area over a defined period of time and is an estimate of the renewable water. Water yield also includes a volume of water that is not renewable, specifically that portion of glacial melt water coming from receding glaciers.
 
Source: Human activity and the environment, 2010, Catalogue no. 16-201

French: Apport en eau
Wealth Wealth is the value of an individual's, business' or country's non-financial assets.

See also: Net worth, National Balance Sheet Account, Natural capital
 
Weapons systems A weapon and the components necessary to its proper functioning, such as targeting and guidance devices. Expenditure on durable military goods such as bombs, torpedoes and spare parts are recorded as inventories until used, when they are recorded as intermediate consumption and a withdrawal from inventories.
 
Component of: Produced assets

Source: System of National Accounts 2008, paragraph 6.232

Notes: Introduced with the Canadian System of National Accounts 2012 historical revision.

French: Systèmes d'armes
Withholding taxes Taxes withheld by the government of Canada on selected income and service payments to non-residents, or withheld by foreign governments on selected income and service payments to Canadian residents.
 
Working level industry The lowest level of industry aggregation for which gross domestic product estimates are compiled directly from the source data.
 
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