[supafamous]

Originally Posted by Special K

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.

https://www.canada.ca/en/revenue-age...residence.html

It's long read so I won't find the specific clause you mention but it sounds like a reasonable rule - if I do a build and rent out the basement and laneway I'll just make it under wire and will be living in about 55-60% of the house. There's a whole host of tax complications with being a landlord of a house that's also your principle residence - I'm just kicking it all to my kid when I die, she's getting enough money from me anyways. But since my parents and in-laws are eventually going to live with us I'm only dealing with rental income in some years of my ownership (making it even more complicated).