Is Raw Property Investment Interest Non - Taxable?
Just found this website that I'm going to look around myself when I get home. I had never seen this site before but it looks like a great place to ask your questions:
1. I purchased raw land in another province as an investment property. As the mortgage on the land is an investment loan, can I claim the mortgage interest paid as a tax deduction? If I do claim the investment loan interest as a deduction against my other income, what are the tax implications on the sale of the raw land?