The siren song is irresistible: “Make your mortgage tax deductible” or “Want to beat the tax man?” — is that a trick question? Who doesn’t? This is also accompanied by a warning — “Don’t try this at home. This stuff is so complicated that you need our help to do it”.
While there is no [...]
I’ve written many posts about the investment pitfalls of the Smith Manoeuvre but not being a tax expert, I’ve skipped over the other risks involved in implementing the strategy. A column in the weekend’s Toronto Star quotes a tax specialist warning against the “dark side of the Smith Manoeuvre”:
According to White [the tax specialist], the [...]
This is the fourth part in a series on implementing a do-it-yourself Smith Manoeuvre. You may also want to check out Part 1, Part 2 and Part 3 of the series.
Now that you are regularly withdrawing funds from the loan portion of your readvanceable mortgage and investing the proceeds in equities, there is only one [...]
