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  1. kathryn d

    Is it the end of negative gearing

    In Canada we are only permitted to put in 18% (which is based on the previous year's earnings), which has a cap,which I think is currently around the 23k pa, into our RRSP (Registered Retired Savings Plan) Of course we are not permitted to have NG on our properties, for any length of time...
  2. kathryn d

    Is it the end of negative gearing

    There is no link. In Canada, maintenace and repairs are claimable in the current year. Renovations must be added to the building, and depreciated. All properties, no matter the age, can be depreciated.In general, after the first year, it is 4%.(excludes value of land. The building is the most...
  3. kathryn d

    Is it the end of negative gearing

    neither are you..please rephrase :)
  4. kathryn d

    Is it the end of negative gearing

    Which is generally more desirable when you have a family? I would assume a house..right? So the welfare recipient should get the apartment. I've never made it a secret, I detest long term welfare. It is a hand up, not a hand out. I want people, to want to get off it.
  5. kathryn d

    Is it the end of negative gearing

    That is for social assisstance to determine ultimately. If it was me..I'd go by what the person making minimum wage is able to afford by themself. Rent is usually supposed to be no more than 33% of their pay? ($15x38)x 33%=$188 week. sounds like a good rent.
  6. kathryn d

    Is it the end of negative gearing

    I remember a few years back, when Rob still lived in Melbourne, we went into the city and he pointed out a couple of big apartment buildings, that were originally marketed for government assisstance.(I hope i am remembering this correctly) They were a bit run down at that time.For whatever...
  7. kathryn d

    Is it the end of negative gearing

    Apartment units..basic..all in the same building, if possible. yeah, I know. Not PC
  8. kathryn d

    Is it the end of negative gearing

    I guess my answer wasn't obvious to you. I think it is a BAD thing.
  9. kathryn d

    Is it the end of negative gearing

    At our 11 unit family apt building we own, it is in a town that is heavily dependant on welfare renters. Depending on the market we are sometimes above their rates which welfare will pay. Once I asked a welfare case worker why they wouldn't approve an applicant, and she told me they don't want...
  10. kathryn d

    Is it the end of negative gearing

    I'm amazed that renting a house seems to be so easy for ones on government assisstance here. I'm used to seeing people with options of only renting an apartment...then the rent must not be more than xxx
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