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March 31, 2022
Question

What is morgage inteest for expenses?

  • March 31, 2022
  • 1 reply
  • 0 views
Is this the interest paid, accrued, the principal paid or total payments?

    1 reply

    April 5, 2022

    If you own rental property, you can claim the mortgage interest under rental expenses. 

     

    Thank you for choosing TurboTax.

    szeeuwenAuthor
    April 6, 2022

    So this isn't mortgage interest on my home mortgage, even if I'm using my home for my business?

    April 7, 2022

    If you are using part of your home for your business- then you can claim it as business use of home expenses.

    As per CRA here is what you can claim:

    Business-use-of-home expense