*** QUESTIONS info@theglobalconsultant.ca *** The Smith Manoeuvre is a personal financial strategy which enables Canadian homeowners to enjoy the same benefits of tax reduction and asset accrual that has always been available to the wealthy. With a simple, one-time restructuring of your personal finances, the Canadian homeowner is able to convert your non-deductible principal residence mortgage from one of your most expensive liabilities into one of your most valuable assets. The strategy is extremely effective in reducing the amount of tax you will pay the government, in reducing the time it takes to pay out that non-deductible debt and in building up an investment portfolio that otherwise would not exist. And it takes no new cash flow from you to accomplish this. By simply continuing to make the mortgage payment that you are making already, you can increase your net worth by hundreds of thousands of dollars or more.
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