Search Results for ‘deduction’

Hi there, this is my first post but I've been following Canadian money forum from some time and it is very informative. My current situation is I have bought a new house and want to make it my principal residence and turn my old house into rental. I should have positioned myself batter but...

Q: "Should I make an RRSP contribution today, but delay claiming the tax deduction because I see myself in a higher tax bracket soon?". I just did a web search on the topic. I found 18 articles all promoting the idea that this is a good idea. If they present any argument it boils down to...

Hi all, Need some tax help.. Here's my scenario.. I'm starting a business using HELOC money (home equity line of credit). I know I can deduct the interest expense. But here's the question - say my business makes $10k profit in its first year. Can I apply this $10k towards my mortgage...