Co-signing questions / compensation

[Sol Bergren]

I'm looking into having a friend co-sign a loan for my rental property:

1) Are you allowed to financially compensate the cosigner for signing? (could I write that off?)

2) How do you structure it so that they can be removed from the debt obligation within a reasonable period of time (2-5 years?)

3) Any potential problems with doing this?

I'm based in Canada as well if that matters, appreciate any tips :)