23rd January 2008 12:39clevlandHDmortgage costs not deductable but capital gain is not taxable either in Canada. In Us, mortgage costs are deductable but you will pay taxes on capital gains when you sell your home
Hey ClevlandHD - True, but in the US depending on if you're single or married, if you sell your house (primary residence) either the first $250k or $500k of capital gains is tax exempt.
Out of curiosity, how much are AC/WJ/Transat, and other pilots bringing home each year? I know AirlinePilotCentral has some #'s up there, but they don't reflect some of the adjustments or ways to benefit from the work rules there, overtime, trip/duty rigs, and what perdiem will tack on to that, etc.... Are first year AC pilots bringing home exactly $37k, or does it tend to be a bit more? Do WJ guys bring in $40k, or is it a bit more.
Thanks to anyone who can provide answers.
jt
Last edited by JTrain; 25th Jan 2008 at 23:13.