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Bank carrying charges
Who claims carrying charges (interest) on joint loan?
April 30, 2024
4:25 AM
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Self-employed
Hi dunjean,
Thank you for posting your question. According to the CRA - Generally, you report your share of interest from a joint bank account based on how much you contributed to it.
You can refer to this page from CRA for more details - https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-re...
April 30, 2024
7:31 AM