Posts Tagged ‘Smith Manoeuvre’
Re-evaluating Canada’s Best Re-Advanceable Mortgages: The New Top 4 Post-OSFI Rankings
If you have been following my blog, you must have read about the Smith Manoeuvre strategy and its incredible uses and benefits. For those who are trying to build wealth in Canada, it is one of the most powerful financial manoeuvres available—essentially allowing you to legally convert your non-deductible mortgage interest into a tax-deductible investment…
Read MoreUnlocking Peace of Mind with the Smith Manoeuvre: Turning Your Home into a Wealth-Building Engine—Without Sacrificing Today
For many Canadians, homeownership is so much more than just a financial investment. It’s where our children grow up, where we host Sunday dinners, and where we build our lives. Because our homes mean so much to us, our natural instinct is to protect them. We work hard, make sacrifices, and commit to paying off…
Read MoreWhat Canadians Are Really Asking About Money Right Now
Today’s episode is a bit different from the usual format. I want to take some time to speak directly to you — to say thank you, to reflect on what you’ve been listening to most, and to ask for your input on what would be most helpful going forward. Recently, Unconventional Wisdom was listed near…
Read MoreYour FREE passes: See my talks at the #1 online event – Canadian Financial Summit 2025
The online Canadian Financial Summit is coming up the week of October 22-25. It’s the #1 personal finance event of the year. As a reader of the Unconventional Wisdom blog, here are your FREE passes for a limited time. With these FREE passes, you can watch all the talks for 48 hours. You can also offer your friends and…
Read MoreSmith Manoeuvre In A Financial Plan & The New OSFI Rules (Canadian Financial Summit 2023)
The Smith Manoeuvre is an efficient strategy to use your home equity to invest for your future without using your cash flow, while converting your mortgage into a tax-deductible debt. This method is known for its effectiveness in enhancing financial plans and can bridge the gap to achieving your retirement goals. New OSFI Mortgage Rules…
Read MoreWhat Happens if the Liberals Attack the Smith Manoeuvre?
The Smith Manoeuvre has long been a popular strategy for Canadian homeowners seeking to convert their mortgage debt into tax-deductible investment debt. However, recent tax and regulatory changes have impacted the efficacy of the Smith Manoeuvre, and further changes from the Liberal government could pose additional challenges. In my latest blog post, YouTube video and…
Read MoreHow to Successfully Implement the Smith Manoeuvre (Podcast with Ed Rempel)
You know the basics about the Smith Manoeuvre. It’s a big decision. Here is a discussion of the big issues. Listen to my new podcast with Sean Cooper from BurnYourMortgage.ca . Here is the link: How to Successfully Implement the Smith Manoeuvre with Ed Rempel We discuss: • Why should you consider the Smith Manoeuvre?•…
Read MoreFinancially Smart Divorce
Divorce is never financially smart! As a financial planner, I don’t recommend divorce. It’s bad for your finances! However, you can go through it in the most financially smart way – to leave both of you in the best possible position. We have seen quite a few people go through divorce. We’ve seen some total…
Read MoreSmith Manoeuvre or Smith Maneuver?
Why the two spellings and which is correct? This strategy (which I’m most known for), helps Canadian homeowners make their mortgages tax deductible in a simple way. What’s the proper spelling? Who pioneered this legal strategy? Does it work in Quebec? Can you use it if you live in the United States? All these questions…
Read MoreThe Globe and Mail Article: Does this tax-deductible mortgage strategy still make sense?
Does the Smith Manoeuvre still make sense in our current economic climate? That’s the question The Globe and Mail came to me with in my latest media interview. With the current financial climate being the way it is – higher interest rates and tighter borrowing rules, many wonder if this strategy is still effective. As…
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