Hey Margaret from the Facebook page… this one’s for you! This week we tackle the age-old question about mortgage pre-payments but with a twist. How does your strategy change between being a homeowner versus being a landlord, is it better to be debt-free or tax advantageous?
If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com
Keep the conversation going on our Facebook Page and Group: https://www.facebook.com/itspersonalfinancecanada
Useful Resources:
CRA rate of return calculator: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html
CRA Capital expenses examples: https://www.canada.ca/en/revenue-agency/services/tax/businesses/definitions-letter-a-business.html#Cptl_xpns
