Interest is tax deductible — but one Alberta businessman discovered it could lead to a dispute with

The ability to write off interest expense as a deduction on your tax return can substantially decrease your after-tax cost of borrowing. Whether interest is tax deductible, however, can sometimes lead to a dispute with the Canada Revenue Agency, as we saw in a recent decision of the Tax Court of Canada, released earlier this month. The case involved an Alberta taxpayer who owns and operates two commercial properties,...