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Tax deductible Mortgages Vancouver, interest rates Canada, mortgage broker, Bestmortgagesvancouver
Generally mortgages on your principal residence are not tax deductible. However, money borrowed to use in your business, to purchase or operate a revenue property or to purchase investments such as stocks, mutual funds or bonds is tax deductible even if it is secured by a mortgage on your principal residence. As a result, if you own a business operate a revenue property, or have investments outside your RRSP you may be able to reorganize your financial affairs to reduce your tax bill and increase your financial security.
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