TAX QUESTIONS? YOU ASK LAH!

Your weekly dose of tax knowledge - become tax savvy in just 2 minutes!


Q: Is the refinanced loan interest deductible against rental income?

A: Refinanced loan interest is not eligible for tax deduction because the purpose of the loan is not for purchase of the real property being rented out. 


Wishing you plentiful tax savings!

Zen Chow

YYC Tax Guru

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