Tax loss selling is a strategic investment technique that you, as an investor, can use to help reduce your taxable income. In Canada, this involves selling investments that have declined in value to realize a capital loss, which can then offset capital gains and, in some cases, other income. As 2024 comes to an end, understanding tax loss selling becomes increasingly important.

Navigating the world of taxation on income from rental properties can be complex, especially when it comes to understanding renovation deductibles. Landlords often undertake various improvements and repairs to enhance the value of their rental properties, but knowing which costs are deductible can significantly impact their tax savings.

In today’s financial world, understanding how different types of credit affect your credit score is crucial. Installment loans, such as personal loans, auto loans, and mortgages, are a common form of borrowing money. These loans can influence your credit score in various ways, both positively and negatively.

This article explores how installment loans impact your credit score and gives insight into how you can manage them effectively to maintain a healthy credit profile.

Being a student comes with responsibilities beyond academic achievement. One crucial aspect that frequently gets overlooked is managing finances effectively. Whether you’re going into your first year of university or college and are adjusting to newfound independence, or a seasoned upper-year student, understanding how to budget can significantly impact your overall well-being.

The importance of financial literacy cannot be overstated. Financial literacy is the ability to understand and effectively use various financial skills, including personal financial management, budgeting, and investing, and is foundational for your individual financial health and stability. This knowledge empowers you to make informed decisions about your finances, helping you to save adequately, avoid excessive debt, and ensure a comfortable retirement.