Has anyone completed a return with this approach? Did CRA flag it?
It seems like it should be an interest expense but the definition of line 22100 doesn't mention this (even on the CRA site). Trying to adjust the interest reported on your T5 seems like it could be an issue that would get flagged.
This must be a common issue for anyone who purchased discounted bonds or generally bonds on the secondary market.
I have also read that the accrued interest deduction should be made against the first interest received for that bond. In my first example, it all occurred in the same tax year, but your first interest payment could be in the following tax year which would be when you claim the interest paid.
