So, if you paid $10,000 in interest on your $100,000 home equity loan in 2024, that would be the amount potentially tax-deductible, not the full loan amount. This is a major advantage, however ...

The first step toward a Liberal home equity tax came in 2016, when Prime Minister Justin Trudeau mandated that Canadians report the sale of their home to the Canada Revenue Agency, even though it ...

In this note, we measure home equity extraction in Canada and track its evolution over time. We then assess how much it has contributed to household spending in recent years. This analysis uses ...

How does the Tax Cuts and Jobs Act's impact home equity loans? Lea Uradu, J.D., is a Maryland state registered tax preparer, state-certified notary public, certified VITA tax preparer ...