26 June 2020 External T.I. 2017-0688121E5 F - Déductibilité des intérêts et pénalités imposées sur les taxes foncières -- summary under Income-Producing Purpose

Can interest paid on property taxes be deducted pursuant to s. 9 in computing business income? CRA responded:

[I]nterest charged on an unpaid balance of property taxes will be deductible if the property taxes themselves are deductible.

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d7 import status
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