Performed regression testing of integrations between sales
tax calc engine and MS Dynamics AX 2012 ERP's
@trollmonger, best bet would be to input your tax scenario into
a tax calc, like taxtips.ca, and see what kind of tax owning there will be.
Not exact matches
But based on the difference in after
tax retirement income (my specific
calc showed $ 67k for rrsp and 43k for non-rrsp), you'd have to be in a much much higher
tax bracket to close this difference.
So it's the best option to calculate the mortgage monthly payment by yourself with a free online mortgage
calc which includes
taxes and insurance.
There really are so many factors you could take into the
calc of whether or not it's a good investment that it makes my head spin... There's Time value of money,
tax deductions, interest paid, investment return if you invest the difference up front, investment return if you invest what would have been your mortgage payments after you're done paying off the mortgage, etc. etc..
Also, controlling more property through leverage maximizes your after /
tax income, due to all the depreciation, so you really need to do all your
calc's after
tax.
The MID
Calc from the National Association of REALTORS ® allow homeowners to estimate the
tax savings value of the Mortgage Interest Rate Deduction.