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Discussion Starter · #1 ·
Have a thought and would love some opinions

what if I borrowed enough from some flush parents to payoff our mortgage (it is quite large) and came to an agreement to pay them off over say 30 years with a fixed rate of say in between 4.5 and 5%, is the interest they receive on their loan to us taxable by CRA?

They complain about small yields in safe investments - we are as stable as you get interms of jobs - and I know what my rate is for decades not half decades...

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