This question is best answered by an accountant but as far as I know personal residences can generate deductions for self employed individuals if a portion of the home is used for the business, an office, storage etc.. Only a portion though. If we are talking about an investment property all of the costs involved with carrying the property are written off against the rental income. I hope this answer helps. Abraham Niyazi - Mortgage Agent - Lic# M08010640 - Centum One Financial Lic# 10758 - Cell: 416-993-4082 - Office: 1-866-RATE-708 http://www.centum.ca/abraham_niyazi/ I have access to 25 Banks/Lenders across Canada and 11 years experience in the industry.

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Hello, my husband and i are thinking of moving to barrie, ontario. my husband was born in canada, but left when he was a teen. he currently works for a computer firm as a computer technician, with 10 years experience. i am a veterinary assistant, although i haven't had any formal training. i have also worked in an office environment, and have a great reference from my former employer. we would like to know what our chances are if we were to move to canada. would we be able to live comfortably with average incomes? what would we be left with after taxes have been deducted from our salaries? would it be enough to cover our rent, and other expenses? and how much is car insurance, on average? at least one of us will need a car. my husband has been driving for 15 years, and has a clean record. we would like to rent first before buying our own home. would the mortgage payments be too high for a modest home? we will have $27,000 cad for a down payment. please advise! thank you

When coming to a new country there are many things to consider. Many independent immigrants come to Canada with a sum of money to help to get established in their new community. It is important to know what the real cost of living and employment conditions are in Ontario . It is very important that you are budgeting your money; that first job might take some time to get. Check out the link below for more information http://www.canadaimmigrants.com/Torontoliving.asp

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Hello, my husband and i are thinking of moving to barrie, ontario. my husband was born in canada, but left when he was a teen. he currently works for a computer firm as a computer technician, with 10 years experience. i am a veterinary assistant, although i haven't had any formal training. i have also worked in an office environment, and have a great reference from my former employer. we would like to know what our chances are if we were to move to canada. would we be able to live comfortably with average incomes? what would we be left with after taxes have been deducted from our salaries? would it be enough to cover our rent, and other expenses? and how much is car insurance, on average? at least one of us will need a car. my husband has been driving for 15 years, and has a clean record. we would like to rent first before buying our own home. would the mortgage payments be too high for a modest home? we will have $27,000 cad for a down payment. please advise! thank you

hey there. we moved to barrie from the Uk in march and its been a real eye opener! your husbands driving record from the uk means nothing the insurance companies really have your pants down and you can expect to pay nearly 10 times what you pay in the uk. rent will be around $1200 a month. with the first and last payments required up front with most landlords expecting a 12 month lease. work experience doesnt count for much and you have to see if your qualifications are recognised in Canada even then resumes are ignored if you havnt got the all important Canadian experience. tax is another thing the provincial and federal government love to grab off you finally most banks and mortgages want between 25% - 35% down payment for newly arrived immigrants. dont let this put you off i thought you ought to know the truth rather than sugar coat it Barrie is a lovely place with lovely people in it and we hope to stay here for the foreseeable future hope this helps