Can I deduct the interest paid in my credit line in 2016 as a deduction

[TurboTaxTerry · Accepted solution]

Under the "Deductions" tab > "Investment Expenses"

Claim the following carrying charges and interest you paid to earn income from investments:

most interest you pay on money you borrow for investment purposes, but generally only if you use it to try to earn investment income, including interest and dividends. However, if the only earnings your investment can produce are capital gains, you cannot claim the interest you paid. For more information, contact the CRA;