The top marginal tax rate in B.C. is 44%. If you made an income of $250,000, your average tax rate would be only 35%. My estimate is reasonable. There is no such thing as a 50% marginal tax rate in B.C.
Greenhorn, I've just been informed that the top rate is 43.7% and it kicks in at $123,184.
Free lunches are rare, so yes, that would indeed carry risk.
Well why not go all the way and invest in a real high risk thing that gives you 24% return. In that case your opportunity cost would always be higher than your mortgage cost.
[quote="Johnny Horton"][size=100]You can buy many income trusts that generate a wide range of investment yields. Take your pick. Encana has a 15% dividend right now!
You guys are gamblers, that's your problem. A 15% dividend implies high risk, thanks, but no thanks.