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When I deduct the interest paid on money borrowed to purchase an investment, what does that do to the ACB?
For example, in 2014, I borrowed $100 to purchase one share of XYZ company. The interest on the loan, which I deducted from income, was $10. I sold my share in 2015 and received $115 in proceeds of disposition. Taking into account the deduction, does that make my ACB $90 ($100 - $10)?
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‎October 29, 2019
7:55 PM