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fcswong
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Is mortgage interest deductible for rental income from a refinance mortgage (to payout credit line balance used for living expenses)?

 
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Is mortgage interest deductible for rental income from a refinance mortgage (to payout credit line balance used for living expenses)?

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.

Tax Deductions on Rental properties