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Clarity Accounting Blog
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Tax-deductible interest when borrowing to invest in your canadian corporation
Started by habitsoft · 10 months ago
Many businesses (this one included) are funded on a loan that the owner(s) and founder(s) of the company take out personally, perhaps a second mortgage or a secured line of credit.
In Canada, the interest paid on loans and mortgages is tax deductible if that loan money is used for ... Continue reading »
In Canada, the interest paid on loans and mortgages is tax deductible if that loan money is used for ... Continue reading »
10 months ago
Allen Taylor
10 months ago
5 months ago
5 months ago
Looks like you are based in Sunny Florida, why the hell would you want to move to Canada? It is quite cold here...Not a place you would go to for the purpose getting some tax deductions...