Quote:
Originally Posted by jus68
Don't forget that student loan interests are tax deductible however I've also done the calculation and even with the tax savings, paying off student loan is more benefitial as your current student loan payment in the bank's eyes will give you a better leverage forthe buck. Also get your banker to look into RRSPs.
On a seperate note, for your new tank build you could try to claim it on your 2009 tax return and consider it as home Reno as that'll get you 13+% tax credit back up to $1300. Disclaimer: should talk to tax professional or CRA for further interpretation of 2009 budget.
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I do already have RRSPs. She had me do that right away when I joined the bank.
I am going to look into that Reno claim. Its funny because when they announced it, my fiance said right away I wonder if you can claim the new tank stand since its kind of a house reno. I might be bolting it to the wall in one spot too which I figure should be considered a reno...maybe not though
01-30-2009, 03:16 AM
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