Sentences with phrase «interest on borrowed money»

You'll pay interest on the borrowed money but can increase your return as long as your investments pay off.

My returns would be lower than normal for this kind of deal, because I would owe interest on the borrowed money.

Please note: If the money is borrowed, the insurance company typically charges a rate of interest on the borrowed money.

However, you will pay interest on that borrowed money and must eventually repay the loan.

Years ago, in a seminal decision, the Supreme Court of Canada summarized the four requirements that must be met for interest expense to be tax deductible: «(1) the amount must be paid in the year...; (2) the amount must be paid pursuant to a legal obligation to pay interest on borrowed money; (3) the borrowed money must be used for the purpose of earning non-exempt income from a business or property; and (4) the amount must be reasonable.»

Martin: My understanding is that the rules are exactly the same as RRSPs — interest on borrowed money is not tax deductible.

If you are a day trader or scalper this may not be a concern; but if you are a swing trader, you can expect to pay between 5 and 10 % interest on the borrowed money, or margin.

You can only get tax deductions for the interest on borrowed money if the asset is intended to produce an income.

You'll pay interest on the borrowed money, and there are some inherent risks involved with investing on margin that you should be aware of.

Recoup the cost of the wedding by charging yourself principle and interest on the borrowed money.