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The Taxation of Reverse Mortgages in Canada: Key Insights for Homeowners

The Taxation of Reverse Mortgages in Canada: Key Insights for Homeowners

A reverse mortgage can be a powerful financial tool for Canadian homeowners aged 55 or older, offering the flexibility to access home equity without making monthly payments. However, the tax implicati... ...more

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A report from the Canada Mortgage and Housing Corporation (CMHC) highlights a growing trend among senior Canadians: many are choosing to remain in their homes as they age. This pattern is particularly... ...more

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