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Special K · 03-08-2021, 07:51 PM

Maybe I’m wrong, but I thought landlord need to occupy at least 50% of your house to be considered your primary residence. Otherwise, it’s an investment property.

We have rental income with basement suites and we offset the rental income with interest, utilities, property tax (?), etc. Every year it’s still a huge outflow of cash to RRSP. If we have the cash, we contribute to RRSP because I feel like that money is gone paying tax right away.

03-08-2021, 07:51 PM	#17751
Special K Even when im right, revscene.net is still right! Join Date: Jan 2013 Location: Vancouver Posts: 1,387 Thanked 640 Times in 205 Posts Failed 103 Times in 22 Posts	Maybe I’m wrong, but I thought landlord need to occupy at least 50% of your house to be considered your primary residence. Otherwise, it’s an investment property. We have rental income with basement suites and we offset the rental income with interest, utilities, property tax (?), etc. Every year it’s still a huge outflow of cash to RRSP. If we have the cash, we contribute to RRSP because I feel like that money is gone paying tax right away.