If I use a personal line of credit to buy a Canadian public listed company stock that pays eligible dividend in a non-registered account, is the interest tax deductible?

Funding source: Unsecured Personal Line of Credit
Investment: holding dividend paying Canadian public listed company shares and not trying to sell in the short term
Type of Dividend: eligible dividend
Account: Non-Registered
Tax Status: Canadian Tax Resident

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If I use a personal line of credit to buy a Canadian public listed company stock that pays eligible dividend in a non-registered account, is the interest tax deductible?

WOW you are thorough!

Yes, you can use interest you paid to earn the dividend income as a carrying charge.

The key is you said NON registered.... Good job explaining your situation.

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If I use a personal line of credit to buy a Canadian public listed company stock that pays eligible dividend in a non-registered account, is the interest tax deductible?

WOW you are thorough!

Yes, you can use interest you paid to earn the dividend income as a carrying charge.

The key is you said NON registered.... Good job explaining your situation.