Act like an American and deduct your mortgage interest

By: MoneySense staff | MoneySense.ca | April 2013

Read More, and see what Scott Plaskett says about acting like an American to deduct your mortgage interest.

If you’re jealous of your American cousins who get a tax deduction for their mortgage interest, use this trick to mimic the effect. For this example, Scott Plaskett, a financial planner at Toronto’s IRONSHIELD, assumes you have a $100,000 mortgage as well as $100,000 in non-registered investments…

Act like an American and deduct your mortgage interest