Quote:
Originally Posted by OilersBaby
is it true that in Canada your mortgage is not tax deductible? my husband and i were just wondering cuz we were thinking of investing in property there but if you can't deduct it from your taxes, that would hurt!
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As far as i understand (and this could be wrong) mortgage payments are not tax deductible, but the interest you pay on the mortgage is. If anyone could verify that would be great.
