Do I enter my total business loan interest divided by years of interest for this take year? Example $15,000/6=$2,500.00 do I enter $2500 for interest?

lindsey-muise

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You can deduct interest on money borrowed for business purposes or to acquire property for business purposes. For more information please check CRA Interest and bank charges

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Do I enter my total business loan interest divided by years of interest for this take year? Example $15,000/6=$2,500.00 do I enter $2500 for interest?

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