- Joined
- Oct 4, 2007
- Messages
- 314
I was completing my tax return last night and a few thoughts came to mind:
1. This is last time I do that, I`ll be calling Navaz for next year.
2. Was it smart to do following or should I have done something else?
I have be following the theory of pay yourself first and putting aside 10% of my pay cheque every month.
I decided to use the money to buy GICs in order to reduce taxes.
I wondering if is was better to pay down more of my person resident mortgage instead.
I could then use the equity gain to increase our HELOC and purchase more properties.
The interest incurred on the HELOC is then written off.
Is this thought process correct?
Please provide your comments, thoughts and/or alternative options.
1. This is last time I do that, I`ll be calling Navaz for next year.
2. Was it smart to do following or should I have done something else?
I have be following the theory of pay yourself first and putting aside 10% of my pay cheque every month.
I decided to use the money to buy GICs in order to reduce taxes.
I wondering if is was better to pay down more of my person resident mortgage instead.
I could then use the equity gain to increase our HELOC and purchase more properties.
The interest incurred on the HELOC is then written off.
Is this thought process correct?
Please provide your comments, thoughts and/or alternative options.