I'm just starting out on my SM portfolio and had been looking at ETFs. It seems that all of them have a ROC distribution. XDV and XIU for example both do.
How do I ensure the LOC interest remains fully tax deductible? I had planned on building dividend income, to help pay down the mortgage inititially and hopefully grow into stable monthly income.
I have read alot of the information on MDJ, including key-tax-considerations-on-an-investment-loan
, but am wondering if any of you use ETFs for your SM portfolio and how you handle the ROC?
I do plan on visiting an accountant to ensure I'm doing everything correctly. (Anyone have a recomendation for a Calgary tax accountant?)