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Search: Posts Made By: Auld Yin

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Forum: Canada

May 30th 2011, 9:45 pm

Replies: 19

Buying a new house in Ontario (tax)

Views: 2,593

Posted By Auld Yin

Re: Buying a new house in Ontario (tax)

The offer to purchase you take to the bank will show a sale price for mortgage purposes of $263,000 in the example shown.

Forum: Canada

May 28th 2011, 5:48 pm

Replies: 19

Buying a new house in Ontario (tax)

Views: 2,593

Posted By Auld Yin

Re: Buying a new house in Ontario (tax)

I think you heard wrong. There is no mortgage interest deduction in Canada.

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