# Personal Financial Profile

## Income
- **Take-home pay**: $1,940 CAD bi-weekly (after tax)
- **Investment cadence**: All bi-weekly pay goes directly to investment ($1,940 every 2 weeks = ~$50,440/year)
- **Family net income**: ~$140,000 CAD/year

## Tax
- **Province**: Quebec
- **Estimated marginal tax rate**: ~46% (Quebec resident, ~$100K personal gross income)
  - Federal: ~20.5–26% | Quebec provincial: ~25.75%
  - ⚠️ Confirm with accountant for precise planning

## Lines of Credit

### Student LOC
- **Available balance**: $30,000 CAD
- **Interest rate**: 4.95%
- **Repayment terms**: Interest-only for 1–2 years, then full principal + interest
- **Intended use**: Cover rental property operating expenses (maintenance, property taxes)
- **After-tax effective rate**: ~2.67% (4.95% × (1 − 46%) — fully deductible as rental expense)
- **Monthly interest cost**: ~$124/month ($30k × 4.95% / 12)
- **After-tax monthly cost**: ~$67/month
- ⚠️ NOT available for down payment — already allocated to ongoing rental operations
- ⚠️ Plan to reduce LOC principal before interest-only period ends to avoid cash flow shock

## Mortgage Rate Assumption
- **Current rate (2025)**: 3.5% fixed
- Use this as default in all property analyses unless overridden

## Investment Horizon
- **TBD** — update this field with target timeline (e.g., retirement in X years)

## Notes
- All figures in CAD unless otherwise stated
- Income figures are net (after tax)