@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.

dev_sean
dev_sean
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Monday 24 August 2026 14:38:32 GMT
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the.eternal.clock
Eternal clock :
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
0
biggulppapi
BigGulpPapi :
so do we ask our landlords for a commission
2026-08-28 05:45:24
0
denizza2
denizza2 :
The 1st assumption is pretty ridiculous...
2026-08-28 05:47:53
0
kira15082
kira :
More information
2026-08-29 03:09:53
0
yousafzai9434
SDKhan 🇨🇦 :
How do you open an LOC? Talk to the bank and put it against the house?
2026-08-28 07:25:55
0
tattertashh
tash :
Isnt a loc more interest than your mortgage rate though?
2026-08-29 00:38:01
1
miss.me.maria
Maria :
more info please
2026-08-28 05:59:17
1
caylan44
caylan44 :
Smith maneuver with a rental?
2026-08-24 15:50:17
6
archie_7373
Archie_7373 :
Info.
2026-08-28 00:53:11
1
deron.d6
Deron D :
loc is tax deductible? why?
2026-08-27 13:46:43
0
linaneaga
Lina Neaga :
You still have to pay the interest for the LOC
2026-08-24 19:36:07
1
paulanka20000
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
1
mermmalaid
Maryam :
Would love to join!
2026-08-24 15:33:54
1
itsdoctordale
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
1
cena_roses
Cena Rouzes :
ok, so first step, have money
2026-08-25 23:16:51
1
242ottt
242ottt :
Still you have to pay the principal of the mortgage of the rental
2026-08-26 00:42:17
0
rich1ml
Ted_689 :
info
2026-08-25 06:33:49
1
honda138
Jay :
Info
2026-08-25 17:42:39
1
aelgii
Alex :
Interested, is it free?
2026-08-26 14:00:31
0
1down4up.ride
. :
Info please
2026-08-24 19:41:55
0
house.wealthy
house wealthy🇨🇦 :
smart
2026-08-28 11:57:06
1
samsoft00
lukkyman :
More info please
2026-08-28 23:05:25
1
abhisheknain21
abhisheknain🇨🇦 :
Hi put me on the list please
2026-08-28 16:10:33
1
wa4972
AW :
More info please.
2026-08-29 01:24:17
0
meals2feels
Blessed :
INFO
2026-08-24 19:27:14
0
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