@dev_sean: The CRA rewards landlords for being landlords, and most have no idea. It is called rental cash damming. Tax refunds. Mortgage gone 10 years early. Comment "INFO" below. Save this before it gets buried. #finance #mortgage #realestateinvesting #wealthbuilding #canada Disclosure: Not financial or tax advice. Results vary. Always consult a qualified advisor.
Loc is almost always a secured charge on the home. While the ‘mortgage’ may be paid off faster, the bank can still have a charge on your home with the line of credit
2026-08-28 03:35:44
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BigGulpPapi :
so do we ask our landlords for a commission
2026-08-28 05:45:24
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denizza2 :
The 1st assumption is pretty ridiculous...
2026-08-28 05:47:53
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kira :
More information
2026-08-29 03:09:53
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SDKhan 🇨🇦 :
How do you open an LOC? Talk to the bank and put it against the house?
2026-08-28 07:25:55
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tash :
Isnt a loc more interest than your mortgage rate though?
2026-08-29 00:38:01
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Maria :
more info please
2026-08-28 05:59:17
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caylan44 :
Smith maneuver with a rental?
2026-08-24 15:50:17
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Archie_7373 :
Info.
2026-08-28 00:53:11
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Deron D :
loc is tax deductible? why?
2026-08-27 13:46:43
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Lina Neaga :
You still have to pay the interest for the LOC
2026-08-24 19:36:07
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paulanka20000 :
And then by the time your dead you’ve paid off your mortgages and just before you die make sure to refinance and get another rental
2026-08-27 15:50:35
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Maryam :
Would love to join!
2026-08-24 15:33:54
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Dale Podolsky :
The tax benefit isn't that you get the interest "back." Rather, if you're in, say, a 40% marginal tax bracket and you pay $10,000 of qualifying rental-related interest, that deduction could reduce your tax by roughly $4,000, depending on your circumstances. And over many years, that can become substantial.
2026-08-26 16:36:29
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Cena Rouzes :
ok, so first step, have money
2026-08-25 23:16:51
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242ottt :
Still you have to pay the principal of the mortgage of the rental
2026-08-26 00:42:17
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Ted_689 :
info
2026-08-25 06:33:49
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Jay :
Info
2026-08-25 17:42:39
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Alex :
Interested, is it free?
2026-08-26 14:00:31
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. :
Info please
2026-08-24 19:41:55
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house wealthy🇨🇦 :
smart
2026-08-28 11:57:06
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lukkyman :
More info please
2026-08-28 23:05:25
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abhisheknain🇨🇦 :
Hi put me on the list please
2026-08-28 16:10:33
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AW :
More info please.
2026-08-29 01:24:17
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Blessed :
INFO
2026-08-24 19:27:14
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