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Canadian Investing / Canada - RRSP Strat / Taxation


Subject:  margin account deductible? Date:  5/29/2008  10:52 AM
Author:  boogieman101 Number:  1156 of 1193

Does anyone know for sure whether the CRA considers interest paid to the broker in a margin account in order to buy and hold securities a tax-deductible interest expense? I asked 2 different accountants and one said yes and one said no...go figure...
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