In 2005 I borrowed money from the bank to invest.I transferred into an RRSP generating dividends, capital gains and interest.Can I deduct the interest I pay on the loan?
In 2005 I borrowed money from the bank to invest.I transferred into an RRSP generating dividends, capital gains and interest.Can I deduct the interest I pay on the loan?
Any fees paid to manage or interest on loans for Registered Accounts are not deductible as "carrying charges and interest expenses". Registered accounts include RPPs, RRSPs, RRIFs, and TFSAs.
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