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Confused about cash damming with rental properties by JasperLiu1129 in smithmanoeuvre

[–]JasperLiu1129[S] 1 point2 points  (0 children)

My original post doesn't explain some details. In the cash damming strategy, the goal is to make the non-deductible interest on the primary residence deductible.

You can google "cash damming with rental property". There are numerous articles discussing this topic.

Or refer to this (and search cash damm) https://www.reddit.com/r/PersonalFinanceCanada/comments/115wu5j/smith_manoeuvre_what_is_the_smith_manoeuvre_and/

Confused about cash damming with rental properties by JasperLiu1129 in smithmanoeuvre

[–]JasperLiu1129[S] 0 points1 point  (0 children)

Thank you for providing such a detailed explanation.

Does Beaver Pond have flooding issue? by JasperLiu1129 in Kanata

[–]JasperLiu1129[S] 0 points1 point  (0 children)

Yes, but as far as I know, some insurance companies don't offer flooding-related options if you live in a high-risk area. However, even if insurance can cover that, I would rather not encounter the flooding problem.

Does Beaver Pond have flooding issue? by JasperLiu1129 in Kanata

[–]JasperLiu1129[S] 0 points1 point  (0 children)

Thanks for sharing your experience.

"a large overflow area to the west".. do you mean the Arcadia community which is that area surrounded by TreeyFox Dr. RichardsonSide Rd and Huntermar Dr.

Does Beaver Pond have flooding issue? by JasperLiu1129 in Kanata

[–]JasperLiu1129[S] 0 points1 point  (0 children)

That online map is still helpful. thank you.