How to Make Your Mortgage Tax-Deductible in Canada
In Canada, your home mortgage interest is not tax-deductible by default, but there are legal strategies that convert it into deductible interest. The core idea is simple: the CRA lets you deduct interest on money borrowed to earn business or investment income, so the goal is to link your borrowing to income. Three main routes […]
The Smith Manoeuvre Explained for Canadian Homeowners
The Smith Manoeuvre is a Canadian tax strategy that converts the non-deductible interest on your home mortgage into tax-deductible investment interest. It lets you build an investment portfolio while you pay down your home, using the equity you create with every mortgage payment. The strategy was popularised by Fraser Smith and relies on a specific […]