The "TaxSmart" Mortgage
Your Key Benefits are:
- Pay off your mortgage years in advance
- Generate annual tax refunds
- Mobilize your home equity for investment growth
- Maximize your family's net worth
- Continue to maintain your current standard of living
What is it?
Based on principles popularized by Fraser Smith, the TaxSmart
Mortgage strategy propels clients
ahead financially by methodically converting mortgage debt –
which is not tax deductible in Canada – into tax deductible-interest
investment debt.
How Does It Work?
Your mortgage payment is composed of two elements: an interest
portion and a principal portion. Interest that you pay on your
mortgage is not considered tax deductible and does not help
enhance your wealth. By re-borrowing and investing principal
mortgage payments you will trigger an annual tax refund that
can be used to pay down your mortgage more aggressively.
Based on this simple cycle, the TaxSmart Mortgage
can have a dramatic impact on your family's financial situation.
What's In It For You?
The TaxSmart Mortgage strategy, when fully employed,
generally results in clients eliminating their mortgage debt
in fewer than ten years, while enhancing their net worth by
hundreds of thousands of dollars.
