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      09-30-2012, 06:43 PM   #6
johanness
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Quote:
Originally Posted by JMX328 View Post
Also, HELOC interest can be tax deductible.
In Canada, you can only write off the interest portion of a HELOC (or amortized mortgage) on a revenue (rental) property, not on your principal residence. OP may want to check on that.
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