As online-only banks have become more popular, Canada’s traditional banks have also started offering savings accounts advertised as “high-interest.” For the most part, however, the interest rates offered by traditional banks are lower than those offered by digital banks and often come with ...
HELOC and home equity loan interest deduction rules Home equity loans and home equity lines of credit, or HELOCs, are different products, but the rules are the same for deducting interest. When is home equity interest deductible? Through 2025, the interest is deductible only if the borrowed ...
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