In Canada, mortgage interest is generally tax-deductible, but there are specific conditions and limitations. The interest paid on loans used to acquire, renovate, or improve a property that earns rental income is usually eligible for a tax deduction. However, the Canada Revenue Agency (CRA) has specific rules regarding the deductibility of mortgage interest, and it’s important to meet these criteria.

We would advise you to consult with a tax professional or accountant to ensure that you meet all the necessary criteria and to get personalized advice based on your specific situation. Tax laws and regulations can change, so it’s important to stay informed about the latest updates from the CRA.