Amelia has taken a loan to invest in a non-registered Canadian mutual fund portfolio and paid $2,000
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Amelia has taken a loan to invest in a non-registered Canadian mutual fund portfolio and paid $2,000 in interest on that loan this year. She has also taken a loan to invest in her Registered Retirement Savings Plan (RRSP) and she has paid $1,000 in interest on that loan this year. What will Amelia be able to deduct from her taxable income? TU5D2ZzeE9cTM2N2VrndSeUNBQT09 © a. O $1,000 b. O $0 c.O $3,000 d. O $2,000
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
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