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In 2005 I borrowed money from the bank to invest.I transferred into an RRSP generating dividends, capital gains and interest.Can I deduct the interest I pay on the loan?
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October 31, 2019
3:11 AM
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Seniors and students
Any fees paid to manage or interest on loans for Registered Accounts are not deductible as "carrying charges and interest expenses". Registered accounts include RPPs, RRSPs, RRIFs, and TFSAs.
October 31, 2019
3:11 AM