This step-by-step guide contains everything you need to know about setting up the Smith Maneuver in Canada. It will help you pay down your mortgage as quickly as possible, while generating additional income in the process. This post will show you exactly how to do it based on my own experience setting it up with the National Bank of Canada...
Smith maneuver is a strategy of converting Canadian non-tax-deductible mortgage into tax deductible HELOC for investment purpose only. The goal is to pay down the non-deductible mortgage as soon as possible...
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