As per CRA- You can choose to treat finance fees you paid and the interest on the money you borrowed to acquire depreciable property as capital expenses. If you refinance your rental property to get money for a business or other investments, you may be able to claim the interest expenses on Schedule 4, Statement of Investment Income.
kanikabangia
New Member
Act2023
Returning Member
melaniyaplanchak
New Member
999fishes
New Member
gvtme152tb
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.