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  1. Terry_w

    Using an existing LOC (drawn) for buying shares - Deductability

    Hi Myhillg If I understand correctly you have a $100,000 LOC loan which has a $100,000 limit and $100,000 owing. All this loan relates to the purchase of the current property so the interest should be deductible as is. You also have $100,000 cash. You could use this cash to buy shares. If...
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