Tax Benefits of Getting a Commercial Property Loan
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Equipment
Taxpayers can deduct 30% of taxable income from investing in equipment and technology.
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Loan interest
A commercial property loan’s interest is fully deductible.
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Loan fee
A loan application fee is also fully deductible.
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Maintenance and repairs
Maintenance and repairs can be claimed in full by business owners.
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Income tax Act
The deduction for interest available under Section 24(b) of the Income Tax Act, is available for all types of properties
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Smart investment
Buying commercial property is a big decision, but the tax benefits can make it a smart investment.
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