When is Interest Deductible? For Business Taxpayers

Learn how interest deductibility applies to business loans used for operations, refinancing, expansion, and more!

In this session, we cover:

• Principle of deductibility

  • Use of borrowings

  • Funding share acquisitions

  • Refinancing principle

  • Line of credit facilities

• Timing

  • Interest incurred prior to income producing

  • Borrowings where business activity ceased

• Tax debts

  • Borrowings for tax debts

  • GIC and SIC

• Record keeping