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...5-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...Avoid the 5-Year Fixed Mortgage Trap
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...Ed Rempel’s Picks for The Best Smith Manoeuvre Mortgage III
What should you do if you want to implement the SM, but your mortgage is not due now? If you are just buying your home or your mortgage is due now, you can just go get the best SM mortgage and start. But what if it is not due? Some mortgage brokers would encourage you...Ed Rempel’s Picks for The Best Smith Manoeuvre Mortgage II
What should you look for in an SM mortgage? We prefer to use a readvanceable mortgage that: Read more…About Me
My name is Ed Rempel and I am the main Wise Guy on this site. I am a financial blogger with a ton of real life financial planning experience. I am passionate about writing and driven to share my insights.
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