Is the interest paid on an investment loan tax-deductible?

Jamie Golombek, vice-president of taxation and estate planning at AIM Trimark Investments, has the answer.

Jamie Golombek 7 April, 2003 | 1:00PM
Dear Expert:

I know that, under certain conditions, the interest paid on borrowed money used to invest in Canadian or foreign investment instruments is tax-deductible. However, I have received conflicting opinions regarding the specific type of investments that qualify for this reduction. Can you provide specific information on this topic, and perhaps some examples?

Expert Answer:

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Jamie Golombek

Jamie Golombek  

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