Bank carrying charges

[dunjean]

Who claims carrying charges (interest) on joint loan? 

[mishrak]

Hi dunjean, 

Thank you for posting your question. According to the CRA - Generally, you report your share of interest from a joint bank account based on how much you contributed to it.

You can refer to this page from CRA for more details - https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...