Archive for September 2012
Smith Manoeuvre – Is your mortgage tax deductible? (Video)
What is the Smith Manoeuvre and how do you do it the right way? The Smith Manoeuvre is a strategy where you borrow against your home to invest for your retirement. It converts your mortgage over time into a tax deductible credit line. To do it the right way, there are three key points:
Read More5-Year Fixed Mortgage Trap (Video)
Number 3 on our list of things on which Canadians waste the most money is 5-year fixed mortgages. They are marketed as being safe and a good protection against a sharp rise in interest rates. The reality, though, is that they are nearly always a huge waste money, they limit your flexibility and result in…
Read MoreThe Quest to find All Star Fund Managers (Video)
Why do you invest with “All Star Fund Managers”? When you’re planning for your future, you need to have a sound investment strategy that gives you confidence that you will eventually have the retirement you want. The best way to understand this is with a hockey analogy.
Read MoreClawback Strategies
In Canada, government benefits are often paid only to those with lower incomes and then “clawed back” based on your income. Clawbacks are really additional income tax. Understanding clawbacks is a critical part of knowing whether to invest in RRSPs or TFSAs. The correct answer depends on your tax bracket while working compared to your…
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