Assertion: interest expense | /r/HasProperty | tax-deductible
Facets:
value: for companies
type: TRANSITIVE-OBJECT
Source sentences:
text: While interest expense is tax-deductible for companies, in an individual's case, it depends on his or her jurisdiction and also on the loan's purpose.
text: In Canada, for instance, if the loan is taken out for an investment that is held in a registered account – such as a Registered Retirement Savings Plan (RRSP), Registered Education Savings Plan (RESP) or Tax-Free Savings Account – interest expense is not permitted to be tax-deductible.