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Tag Archives: Hybrid Mortgage

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 into a tax-deductible investment loan interest. The strategy derives its name from financial planner Fraser Smith. article continues below  The Smith Manoeuvre is not a super-complicated [&hellip…

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