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new income tax gouge?

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    #1

    new income tax gouge?

    Has anyone heard about the interest on debt no longer being a tax deduction?
    I heard this is being considered.
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    #2
    Haven't heard that one. It would effect more than agriculture if they tried that one.

    It is not an allowable expense under CAIS which makes for a higher net margin, which is a good thing.

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      #3
      Pilly;

      WHat I heard was IF Revenue Canada thought there was no hope of the farm business ever making a profit, then Revenue Canada could disallow the interest expense deduction.

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