I have a question regarding "intrest expenses" and "Paid to aquire partnership" sections on the form

[tcmalo]

I have a loan which i used to purchase partnership shares in the company. In 2015 I payed $18,750,00 for interest on my loan for $625,000.00. I payed a principle amount of $125,000.00 with the total combined payout of $143,750.00

[Delphision · Accepted solution]

If the purpose of the loan is to earn income, the interest is deductible.  If buying into the partnership provides financial opportunity such as a partnership agreement that provides for the division of profits, then the CRA purpose test would be met.