Are Mortgages Tax Deductible in Canada?
By Nola
Edited by Admin
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Are Mortgages Tax Deductible in Canada?
Are Mortgages Tax Deductible in Canada?
 

I don’t know if this question is something I can be asking you guys, but I was just curious about mortgages and whether or not they could be considered a tax deductible?


This is just something I heard one of my friend’s mention and I thought I would ask.


Thank you.

Answers
By Canadalend
Hello Nola,
 
Thank you for your question.
 

No mortgages cannot be considered as a tax deductible, the only way it can be is if you refinance your home, and use that money not to pay off loans, but to invest to make money.

 

If you are borrowing money to make money it can be used for tax deductibles, otherwise it is not.

 
Do you have any other questions regarding mortgages and the loan services we provide?
 
Have a look at what else Canadalend has to offer:
 
Canadalend Mortgage Solutions
 
 Canadalend Contact us
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5 comments
Level 6 (XP: 2400)
Canadalend
6 years ago
Feel free to contact the Canadalend team at anytime for more information about the options available to you
Level 6 (XP: 2400)
Canadalend
6 years ago
remember to visit the Canadalend website for more information about the services we provide
Level 7 (XP: 2900)
Stanley Rich
6 years ago
interesting question thanks for the helpful response
Admin
Canadalend
6 years ago
Thanks for your comment, glad to know this post has been helpful!
Level 7 (XP: 2750)
MaRia
6 years ago
Interesting question, thanks for submitting

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