Hi, Apologies in advance - this may be a very basic question or already answered somewhere on PC/SS. I have a LoC for $200k. If for example I were to use $100k towards an investment purchase, the interest would be deductible (generally speaking). However, if the property needed $50k of renovation work, could I draw down on the LoC for these funds and claim the interest as deductible - e.g. Interest on $150k? If not, what is the most suitable (tax effective) was to fund a major Reno? Thanks.