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New Member
posted Oct 31, 2019 5:41:39 AM

Where do is put Policy Loan Repayments Deductible under the income tax act?

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1 Best answer
Level 15
Oct 31, 2019 5:41:40 AM

If you go to Deductions > Other Deductions > Other Deductions Intro, then continue until you land on the page titled "Other Deductions" and make your entry and a description of the entry in the bottom box. (As shown in screenshot). This deduction will then show up on Line 232 of the tax return.

1 Replies
Level 15
Oct 31, 2019 5:41:40 AM

If you go to Deductions > Other Deductions > Other Deductions Intro, then continue until you land on the page titled "Other Deductions" and make your entry and a description of the entry in the bottom box. (As shown in screenshot). This deduction will then show up on Line 232 of the tax return.