Financial Literacy: Understanding how the Smith Manoeuver works
In Canada, interest paid on your mortgage for your personal residence is not tax-deductible. The Smith Manoeuvre is a strategy used to convert the interest you pay on your mortgage…
Canada’s housing agency eyes massive sale
Canada’s housing agency, which has over $190 billion of mortgage bonds outstanding, is working on a new framework that will allow it to sell sustainable-labelled debt joining governments around the…
Trudeau set to raise Canada debt ceiling
Canada plans to increase its mid-term debt ceiling by 57% as it embarks on record borrowing to fight the COVID-19 pandemic. Prime Minister Justin Trudeau’s government will put forward a…