house interest should be tax deductible, page-5

jaded,
rent assistance goes to a certain amount then its capped...
So say a $450 a week rent may get $120 assistance an 800 a week place would only get the $120 assistance..
Same for mortgages... if the mortgage was deductible... it means more home byers/owners would have more disposable income, and therefore spend and pay gst and kick our economy... it would get people off the rent cycle... and lessen the incentive for investors to buy to rent out (and push up prices) as less renters..