Help me math the math on a renting out part of a house.
I want to buy a house - it will be my primary dwelling, but the house in question also has a nice 2 bedroom separate cottage that I could rent to students for a decent amount. Would I be able to use htat rental toward the bond cost or will I have to pay tax on the rental and only claim back a portion of the costs? I get that it would be the case if it was a purely investment property but this is my primary residence - is there a difference?