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Unlocking housing construction and launching Canada Builds
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Canadians can deduct interest on debt that is used to improve a property.
I haven't had the pleasure of using this, but AFAIU it means a home owner gets the same capital gains benefits on borrowing to renovate their basement as making a good investment in the stock market.
That sounds like something that might be applicable to an investment property. Have you heard that it applies to the primary residence?
I think you're right. My source for that was this site, but I don't see anything on canada.ca.