I live in a jurisdiction where I have the option to defer my annual property taxes. The Provincial government funds this, with an interest rate charged (currently) of 0.7%. It seems to me to be a good idea to take advantage of this program - I would pay 0.7% interest on the amount owing, but I get to invest this amount instead in an account which may pay 2.25% (such as at EQ).
Has any one else an opinion on doing this? Are there any negatives, such as an effect on credit rating? It does result in a lien on the property, but that can be dealt with any time before or upon sale of the property.
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