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Mortgage Interest (Interest Income or Professional Income)

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Hi all! I have searched quite a bit and cannot find any commentary - if I lent out money as a private mortgage and receive monthly mortgage interest payments - should this income be recorded under Interest Income (line 12100) even though no "T" slips issued or use form T2125 as Professional Income? Any comments would be greatly appreciated. Thank you!

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Hello James 02,

In UFIle go to Interview >> Investment and interest income and expenses

>> Income not from a T-Slip   Interest income not on information slips "+"

      *Mortgage interest Interest income from the issuer of the mortgage:   [     ]     [    ]


Interest from other sources  [     ]     [    ]


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