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Originally Posted by Janey
oh - when you buy a house here, the mortgage interest is not tax deductable like in the US. major letdown.
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Well, that's true, but you also don't pay capital gains tax on your primary residence, which means any money you make on property investments where you live contribute to your net worth, but you don't have to claim them.
But, essentially, Janey's right. The tax burden is somewhat higher in Canada until you are retired, at which time the "value added" fees for doing everything from going ot a library to using a public golf course will make you an old bitter person. I know, my Dad's there now.
But this is now a bit off topic, so I'll leave it at that.
Peace,
Pierre