Hey Margaret from the Facebook page… this one’s for you! This week we tackle the age-old question about mortgage pre-payments but with a twist. How does your strategy change between being a homeowner versus being a landlord, is it better to be debt-free or tax advantageous?

If you live in British Columbia, let us help you take care of the people you love and visit braunfinancial.com 

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Useful Resources:

CRA rate of return calculator: https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/rental-income/completing-form-t776-statement-real-estate-rentals/rental-expenses-you-deduct.html

CRA Capital expenses examples: https://www.canada.ca/en/revenue-agency/services/tax/businesses/definitions-letter-a-business.html#Cptl_xpns