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Updated almost 7 years ago,

Alex Cons's profile image
Alex Cons's profile image
Alex Cons
  • Specialist
  • from Prince George, British Columbia
  • Member since Dec 16, 2017
Connect

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13
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13
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Alex Cons's profile image
Alex Cons's profile image
Alex Cons
  • Specialist
  • from Prince George, British Columbia
  • Member since Dec 16, 2017
Connect
Alex Cons
  • Specialist
  • Prince George, British Columbia
13
Votes |
13
Posts
Canadian Real Estate

Cash refinance? Tax free?

Alex Cons
  • Specialist
  • Prince George, British Columbia
Posted
Hello Canadian BP’ers, Looking on some feedback regarding a strategy I stubbled upon. If you bought a house a year for 10 years (assuming cash flow positive as well), and on the 11th year refinanced the 1st house to pull out a chunk as a yearly salary, and then refinance the 2nd house on the 12th year for a yearly salary, etc. Is this a viable strategy? Is refinancing tax free? How easy/difficult is it to refinance in Canada?
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