The Smith Manoeuvre - Benefits of the "Plain Jane" version
Let's dive into the Smith Manoevure calculator & run a "Plain Jane" scenario. This is the basic form of the Smith Manoeuvre - no accelerators being applied. You'll see that even just this Plain Jane version can be uber beneficial for the average Canadian.
The Smith Manoevure is a debt-conversion strategy available for Canadians. It utilizes a readvanceable mortgage to convert your "bad" non-deductible mortgage into a 100% tax-deductible investment loan. The benefits are increased tax deductions, a mortgage that's paid off sooner, AND a higher net wealth for you & your family. TRIPLE THREAT!!
Check out my other videos for more specific examples, and how the accelerators are applied.
Anyone interested in the benefits can reach me at [email protected]