Ask Allan a Tax Question and he will respond to you with an answer to your question within 24 hours!
Hi Allan,
If I have interest income coming from a savings account, I know that I am taxed at the marginal rate, but is there any way to write it against the mortgage interest I am paying? ie can I deduct mortgage interest against a savings account interest? I want to save on taxes.
Thank you so much,
Wayne
in Accounting & Taxation Services
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