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New Member
posted Oct 29, 2019 6:11:21 PM

Can I claim interest on a line of credit used for an RRSP>

I have a small line of credit used for an RRSP contribution can I deduct the interest paid.

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1 Best answer
Level 6
Oct 29, 2019 6:11:22 PM

Once upon a time in Canada you could claim interest payments on RRSP loans. That was when there were 10% plus interest rates...

The answer to your question is no, not for a long time.

1 Replies
Level 6
Oct 29, 2019 6:11:22 PM

Once upon a time in Canada you could claim interest payments on RRSP loans. That was when there were 10% plus interest rates...

The answer to your question is no, not for a long time.