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What if the federal government changes the income tax rule?

April 26, 2017changes Federal government rule

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What if the federal government changes the income tax rule?

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Currently, interest deductibility on borrowed money for investment purposes is allowed. This can be confirmed by viewing Canada Revenue Agency forms and publications, Interest Deductibility and Related Issues NO.: IT-533 section 31 and examples #8 and #9. If the government changes the income tax legislation, we will review the implications and identify alternative options.