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Today: 17.01.2018 - 14:31:00
   Canada Mortgage Hub Discussion Board -> Mortgage Ottawa -> Can I deduct mortgage interest paid on a Canadian home?
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ocyl

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Can I deduct mortgage interest paid on a Canadian home?
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Canadian housing and mortgage corporation
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ntq235

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As a US citizen, you will report worldwide income on your tax return.If you are using form 2555 to exclude all of your income, then you don't have a reason to itemize as your tax is already zero. If your tax bill is *not* zero, then sure, you itemize anything you can to lower the bill.
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renevdplas

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In most cases, you will be able to exclude your foreign earned income form US taxation - you will, naturally, have to pay Canadian taxes, which are usually higher.If you have US income from other sources even while living abroad that you need to pay taxes on, then you can itemize to reduce it. Nothing in IRS pub 936 (Home Mortgage Interest Deduction ) or pub 593 (Tax tips for citizens living abroad) suggests that a home must be in the US for mortgage interest to be deductible.
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Canadian discount brokers
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