Offshore Business - Pay Low Tax: Difference between revisions
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Revision as of 18:12, 7 October 2026
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Please be aware that CRA is working on changing the laws to trace off shore investments. Depreciation sounds like an expense, however it's generally a tax selling point of. On a $125,000 property, for example, the depreciation over 27 and one-half years comes to $3,636 a year. This is a tax break. In the early many years of your mortgage, interest will reduce earnings on house so you'll not have much of a profit.
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