Once again: Pay down your debts before rates rise

ROB CARRICK | Columnist profile | E-mail From Wednesday’s Globe and Mail The decade’s most ignorable piece of financial advice: Pay down your debts before interest rates rise. You’ve heard this warning a hundred times, you ignored it and rates held steady at historic lows. Now, the Bank of Canada is signalling that borrowing costs could rise if economic […]

Four tips to ensure you can deduct interest on your debt

TIM CESTNICK | Columnist profile | Last week I shared the story of Nina Sherle. Ms. Sherle owned a principal residence and a rental property. She owned her residence free and clear without any debt secured by the property. She had taken out a mortgage to purchase the rental property and was able to deduct her interest on […]