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This is Canadian Taxation/Accounting !! Do explain Thumbs UP for correct answer James borrows $100,000 from the bank at a rate of 8% to make

This is Canadian Taxation/Accounting !! Do explain Thumbs UP for correct answer

James borrows $100,000 from the bank at a rate of 8% to make an interest free loan to his wife, Sandy. Is the interest on James' loan deductible to him? Yes No

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