Interest as a deduction to borrow money to buy an RESP
My question is: Canadian-specific
QUESTION: Although the Smith Manoeuvre cannot be used with RRSP's, can it be
used with RESPs?
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david ingram replies:
The answer is no!
However, you should also read my November 2001 newsletter which you c an
find at www.centa.com in the top left hand box.
This will give you some other ideas about making mortgage or other interest
deductible.
QUESTION: Although the Smith Manoeuvre cannot be used with RRSP's, can it be
used with RESPs?
---------------------------------------------------------------------------
david ingram replies:
The answer is no!
However, you should also read my November 2001 newsletter which you c an
find at www.centa.com in the top left hand box.
This will give you some other ideas about making mortgage or other interest
deductible.
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