u/Wise_Metal_6486

Hello, I currently am 32, single with 110k of income. I have made a lot of real estate investments and am currently grossing over 150k of rental income. Even with modest inflation estimates in 25 years my rent should hit 300k-400k and all will be paid off. In this situation I wonder if contributing to hoop is even worth it, the tax on it is stupid high, that money could be better invested today in a tfsa or something. Any advice? My wage is not spectacular so my HOOP amount won’t be that high.

Hello, I currently am 32, single with 110k of income. I have made a lot of real estate investments and am currently grossing over 150k of rental income. Even with modest inflation estimates in 25 years my rent should hit 300k-400k and all will be paid off. In this situation I wonder if contributing to hoop is even worth it, the tax on it is stupid high, that money could be better invested today in a tfsa or something. Any advice? My wage is not spectacular so my HOOP amount won’t be that high.

Edit: thanks for the advice guys, I’ll continue to contribute to hoop and pick up more cash by getting a weekend job or something.