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Can You Deduct Interest on Money Borrowed to Invest in Canada?
Marcella A. Maduri, CPA Marcella A. Maduri, CPA

Can You Deduct Interest on Money Borrowed to Invest in Canada?

Borrowing money to invest can be a useful tax-planning strategy, but interest is not automatically deductible. In Canada, the CRA generally considers how the borrowed money was used.

Interest may be deductible when borrowed funds are used to earn income from…

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