We have recently refinanced some of our loans to access more equity for investment purposes. The extra funds (after the previous mortgage was paid out) were sent to us in the form of a bank cheque. NAVRA will not accept a third party cheque even though it would be endorsed to them for deposit into the retail fund. If we clear that cheque through our personal savings account and invest an identical amount as soon as the cheque is cleared will we have a problem with the deductability of that loan? It would be quite obvious that the funds are just going in and out, however is this sufficient for a tax audit? Hope someone has the answer as we don't want to open yet another bank account just to clear the funds.