Tax Deductible Mortgage | No.1 Daily News

The way that mortgages are treated in the Canadian tax code is slightly different than in the U.S. One main difference is that the interest on a. ... By re-borrowing the equity in your home, you are also removing your “cushion” of safety if the real estate (or investment) markets take a turn for the worse. By creating an income-producing portfolio in an unregistered account, there can also be additional tax consequences – so always consult with a professional financial ...

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