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How to Make Your Canadian Mortgage Tax Deductable

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Manage episode 307124209 series 2373926
Content provided by Randy Selzer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Randy Selzer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

We talk with bestselling author Robinson Smith about the Smith Manoeuvre, a way for Canadians to create tax deductions from the mortgage loan on their principal residence.

Learn how to get a special "re-advanceable" mortgage that combines your mortgage loan with a line of credit. Use the line of credit to make further investments. Over time, the Smith Manoeuvre gradually converts your non-deductable mortgage loan interest to tax deductable investment interest.

Rob explains exactly how it works. This strategy is allowed by the Canada Revenue Agency (CRA), and these special re-advanceable mortgages are offered by the big five banks in Canada.

#smithmanoeuvre #mortgages #realestate

Contact Rob Smith at: robsmith@smithman.net

https://www.smithman.net

Check out Rob's bestselling book here: https://www.amazon.ca/Master-Your-Mortgage-Financial-Freedom/dp/1999171608/ref=sr_1_1

  continue reading

67 episoade

Artwork
iconDistribuie
 
Manage episode 307124209 series 2373926
Content provided by Randy Selzer. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Randy Selzer or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ro.player.fm/legal.

We talk with bestselling author Robinson Smith about the Smith Manoeuvre, a way for Canadians to create tax deductions from the mortgage loan on their principal residence.

Learn how to get a special "re-advanceable" mortgage that combines your mortgage loan with a line of credit. Use the line of credit to make further investments. Over time, the Smith Manoeuvre gradually converts your non-deductable mortgage loan interest to tax deductable investment interest.

Rob explains exactly how it works. This strategy is allowed by the Canada Revenue Agency (CRA), and these special re-advanceable mortgages are offered by the big five banks in Canada.

#smithmanoeuvre #mortgages #realestate

Contact Rob Smith at: robsmith@smithman.net

https://www.smithman.net

Check out Rob's bestselling book here: https://www.amazon.ca/Master-Your-Mortgage-Financial-Freedom/dp/1999171608/ref=sr_1_1

  continue reading

67 episoade

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