3 ms·
Wow, the marginal tax rate pretty much cut the rental limit in half, the difference is that big.
by mahyarm 12y ago
Wow, the marginal tax rate pretty much cut the rental limit in half, the difference is that big.
- leishulang 12y agowhy higher marginal tax rate makes buying better? I don't get it.
- dragonwriter 12y agoHigher marginal tax rates increases the $ value of mortgage interest deduction for the same amount of mortgage interest payment (since a deduction reduces taxable income, but the amount of reduction in actual tax liability is the reduction in taxable income times the marginal tax rate.)
- leishulang 12y agoI see, but most mortgage doesn't have interest income tax deduction here in Canada? edit: Just check interweb, only mortgage that being used to invest for more incomes are eligible for tax reduction in Canada, thus more trouble to convert a house mortgage to investment mortgage.