The Smith Manoeuvre
The Smith Manoeuvre is an interesting idea, not for the the feint of heart, which in an obtuse way allows you to deduct your mortgage interest (kind of).
The rates that used to run between 5 and 10 percent, however, now they are ludicrously low, simply to keep everything stimulated. One day these rates will rise, and what will that do?
The Smith Manoeuvre is an interesting idea, not for the the feint of heart, which in an obtuse way allows you to deduct your mortgage interest (kind of).
Yesterday I started out discussing more financial resume stories (which all of us should attempt to do at least once to see how good a job we are doing with our moneys). Today we speak… Read More »Financial Resume (cont’d)
I wrote this before the dawn of the TFSA, so I have spruced it up with where your TFSA might fit into this equation. The data I mention are in the following posts: Case 1:… Read More »RRSP or Mortgage Then?
What if you took your tax refund from putting money into your RRSP and paid down your mortgage from that?
What do you do for a refund from putting money into your RRSP? Do you put it into your savings account?