MYBANCWEALTH.COM offers a Non-Registered Account or OPEN plan which is a type of investment that will allow you to achieve your short-term or long-term goals. Only the capital gains realized in a Non-Registered Account will be taxed at 50% of the account holder’s top marginal tax rate.

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Borrowing to invest doesn’t always lead to tax deductions.

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For interest to actually be deductible, clients must take out loans that lead to the earning of income from a business or property. And there are other conditions: interest must be paid, or have accrued, in the year the client deducts it; there must be a legal obligation to pay back the loan; and the interest rate must be reasonable, based on market rates for debts with similar terms and credit risks.