- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
Topics:
posted
October 29, 2019
6:11 PM
last updated
October 29, 2019
6:11 PM
1 Best answer
Accepted Solutions
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim interest on a line of credit used for an RRSP>
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.
The answer to your question is no, not for a long time.
October 29, 2019
6:11 PM
1 Reply
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Can I claim interest on a line of credit used for an RRSP>
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.
The answer to your question is no, not for a long time.
October 29, 2019
6:11 PM