Gear grinder and question for you financial gurus.
I am doing some unexpected home renovations and the estimated cost is higher than i originally thought it would be. I had previously planned to use money in a CASH.TO account and general savings over the course of the reno to pay it, but now that is looking less likely to cover the full amount.
No mortgage, so i could take out a small mortgage on it, but i suspect the rates are too high to be worthwhile.
I can take money out of my TFSA or a non-registered investment account to cover the difference. With the non-registered account, I would likely owe capital gains, but i do have tax loss harvesting in this account.
Any (non-binding internet) advice on potential best option moving forward?
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