Re: TFSA Answer
in response to
by
posted on
Dec 09, 2010 10:12PM
Keep in mind, the opinions on this site are for the most part speculation and are not necessarily the opinions of the company WITHOUT PREJUDICE
Kemo said "If some people are a little short come new year and are still confident in our company borrow the dough and write off the interest."
I'm not sure that the interest paid on a loan to contribute to a TFSA is tax deductable. Since there are no taxes on TFSA gains they (Revenue Canada) would likely deny any interest paid as tax deductable. IMHO
Another good question for your accountant.