jyee315
Returning Member

US resident husband (me) and Candian wife, purchasing a Canadian home

I plan on purchasing a home in Vancouver BC, and I believe for tax purposes it is best to put it under my wife solely. I will be taking a mortgage (through a Canadian bank) through my wife, but I will be the guarantor, for about 50% of the house's worth. Is the interest that we pay to Canadian bank tax deductible when I file with the IRS. We file married, filing jointly. Thanks.