luckily we locked in a 1.8% fixed rate 4 years ago, so still reaping the benefits of that for another year. After three years the money becomes her property and can be removed at her lower tax rate (or maybe no tax, if she’s still at home). Maybe more, depending on the clumsy Iran war, the brewing energy debacle and the likely resurgence of inflation and interest rates – maybe even stagflation. Did you consider dumping your bonus against the home loan principal to blunt the impact of a doubling in the rate? So given the reality of dropping to a single-income family with three dependents and a serious mortgage renewal looming, is this the best use of that windfall bonus money?

Source: CBC News March 11, 2026 20:04 UTC