The Smith Manoeuvre (revisited )
Find out why I’m not recommending the Smith Manoeuvre despite my opinion not changing. Read my post for expert insight on this strategy.
A crazy ass way to get your “mortgage interest” tax deductible
Find out why I’m not recommending the Smith Manoeuvre despite my opinion not changing. Read my post for expert insight on this strategy.
When to sell your house or stocks is always a risky decision that most folks dread making. Sometimes the decision is made for you.
The Smith Manoeuvre is a controversial Canadian tax strategy that converts non-deductible mortgage interest into tax-deductible investment loan interest. This article explores the basics of the Smith Manoeuvre, discusses why some financial professionals caution against it, and reflects on how interest rates and risk tolerance influence its viability. Originally written in 2007, this piece remains relevant today as more Canadians look for aggressive tax strategies. We also explore what insiders joke about behind the scenes and why many DIY investors misunderstand the complexity and risk behind the maneuver.
The Smith Manoeuvre is a way to make your Canadian Mortgage tax deductible (the interest on the loan). Is this a good idea? I think it is incredibly risky, and asking for trouble with your future. Others swear by it. Are your mortgage interest payments that high?