Tag Archives: Rental Income

Renting out your primary residence in Canada — checklist of tax risks with a For Rent sign, keys, and calculator

Renting Out Your Primary Residence: The Real Math

The kids are gone. The cottage covers the summers. Somewhere warm covers the winters. And the family home sits there, mostly or completely paid off, quietly worth more than anything else you own. Do you sell it and invest the proceeds — or keep it and turn it into a rental? Here’s what actually happens when you do the second thing, and why the tax consequences run deeper than the income line.


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Cottage vs upsizing your home in Canada — two mortgages, one builds wealth

Cottage vs. Upsizing Your Home: Which Mortgage Decision Actually Builds Wealth?

Many people with a growing family and some equity hits the same fork in the road.

Do you upgrade and buy a bigger, better house? Or do you buy a cottage?

Both moves can cost roughly the same. Both put you ~$500k deeper in debt. But they are definitely not the same decision.

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