Heloc to Buy Investment Property Tax Deductible Now
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🚨Home Loan Interest Tax Deductible?🚨 | Tax Invest Accounting
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Home equity loan interest is only tax deductible as long as the... | Filo
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FacebookBrandon Brotsky
Ever wish your mortgage interest could be tax-deductible like investment loan interest? Here’s a clean, CRA-friendly way people do it 👇 Step-by-step (kid-simple): 1. Sell your non-registered investment (ex: a fund in a regular brokerage account). 2. Use that cash to prepay your mortgage. 3. Re-borrow the same amount from your HELOC. 4. Buy back the same (or similar) investment in the non-registered account using the HELOC. 5. Now the HELOC was used to invest for income, so the HELOC interest ma
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