Nelson and Mark - thank you for your response, this is encouraging news.
Do you know if it would matter which lending institution was used for the mortgage - U.S. or Canadian?
Although I do not know if a U.S. lender would grant a mortgage for a Canadian property?
Dane Watson
Search found 2 matches
- Sat Dec 18, 2004 3:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Mortgage vs US Tax Laws
- Replies: 4
- Views: 9692
- Fri Dec 17, 2004 12:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Mortgage vs US Tax Laws
- Replies: 4
- Views: 9692
Canadian Mortgage vs US Tax Laws
My wife and I are Green Card holders living and working in the US.
We just purchased a lot in BC with the intention of building a retirement home on it.
When I obtain my mortgage, can I deduct the interest on the mortgage as is the law in the US?
Dane Watson
We just purchased a lot in BC with the intention of building a retirement home on it.
When I obtain my mortgage, can I deduct the interest on the mortgage as is the law in the US?
Dane Watson