Taginvestment

Posted November 2, 2024 Mortgage News

TIME TO ELIMINATE AIRBNBS?.. (No, I don’t think so)

TIME TO GO AFTER AIRBNBS?.. (No, I don’t think so)

Canada wants to eliminate all Short Term Rentals (STR). And they are going to punish anyone that has rented out their properties for short term stays.

The federal gov’t has already changed tax laws that disallow expensing interest costs on STRs in major urban centers. Effectively making it more costly to own a short term rental property.

Changes to short-term rental rules – link to article

And here’s another tax. Have you seen this?

Posted May 24, 2024 Mortgage News

Why Holding Real Estate for at Least 7 Years Matters.. Donald Trump?

I wrote this article in 2015. At the time, Trump wasn’t even on the radar for the Presidential election bid. Wow, how quickly things can change! This isn’t so much about Trump but it’s more about one of his long-time advisors, George Ross. Ross has been successfully investing in real estate for over 50 years. His advice is worth listening to…

Posted March 20, 20182 Comments Money saving tips

RRSP, RESP, TFSA or Mortgage prepayment… Which offers the best bang for my buck?

Trying to decide what’s the best move can be difficult… and, I must admit, this isn’t an easy subject to tackle. There are so many opinions! But it’s important enough that I’m going to put my two cents into the discussion. (My final recommendations are listed at the bottom if you want to fast forward.)

First, let’s come to the understanding that we’re all different and have unique needs. You must first ask for professional advice in order to make up your own mind. Having said that, I think that, for me, this is actually a very easy decision. Continue reading “RRSP, RESP, TFSA or Mortgage prepayment… Which offers the best bang for my buck?”