borrowing

How to File an Election for a Capital Loss on a Bad Debt

Learn how deducting losses from bad debts can help lessen your financial burden from the loss. Whether you suffer a capital loss or an ABIL, you need to know how to make the correct election in your tax return to get the full benefit of the deduction.

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borrowing

What Is a Certificate of Discharge?

Learn about what a certificate of discharge is and the steps that lead up to its issuance. Obtaining a certificate of discharge is one if the final steps in the bankruptcy process. It shows that you have met your obligations and that your old debts no longer legally exist.

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funding-financing

What Is a Leveraged Buyout?

Learn the meaning of the expression "leveraged buy-out," or LBO, and see the advantages and disadvantages of using such a technique when buying or selling a business.

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taxes

Don’t Forget These Tax Deductions for Your AirBnB or Other Short-Term Rental

Minimize your taxes on your short-term rental income by claiming all of the deductions available to you and reducing your taxable income. Understand the tax treatment of your AirBnB income.

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taxes

What Is “Payment In Lieu of Taxes”?

Learn the meaning of the expression "payment in lieu of taxes" and its historical and practical significance. See who can receive these payments and how to apply for them.

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funding-financing

Does Your Business Qualify for the Canada Small Business Financing Program?

Learn about the Canada Small Business Financing Program, including who is eligible and what assets can be financed using it. Find out how it works in practice and how to get started.

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