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Canadian Loop
Old 07-16-2008, 03:37 PM   #1
Confused about dryer sheets
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Canadian Loop

anyone in Canada have heard of ways to save tax and have a retirement income on the side while investing in commerical retails?
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Old 07-16-2008, 04:19 PM   #2
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No, are you planning to sell us one?
There are two kinds of people in the world: those who can extrapolate conclusions from insufficient data and ..
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Old 07-16-2008, 05:00 PM   #3
Confused about dryer sheets
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why do you say that? I am merely just asking anyone that knows?
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Old 07-16-2008, 05:02 PM   #4
Confused about dryer sheets
Join Date: Jul 2008
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Ok, does anyone know how to save tax and get a second income in any way?
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Old 07-17-2008, 08:33 AM   #5
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Do you own your own home? Rent out a portion of it. Items that are not deductible on your tax return normally, like home owner's insurance and mortgage interest, become tax deductible on a pro-rated basis (according to the percentage of your house you have rented out).

I do taxes seasonally for H&R Block...most of my clients in this situation lose money on paper on the rental, lowering their overall income, even though they cash a check from the tenant every month.
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