The Smith Manoeuvre

Turn your Canadian mortgage interest into a massive tax deduction. Calculate how much tax-deductible debt you can generate over 5 years by implementing this strategy.

Current Mortgage Balance

Monthly Principle + Interest Payment

Mortgage/HELOC Interest Rate

Your Marginal Tax Rate

5-Year Projection

$0
Converted to Tax-Deductible Debt

CRA Tax Refunds Generated

Investment Portfolio Size

Every dollar of principal you pay down is immediately re-borrowed through a HELOC and invested in an income-producing asset. The interest on that HELOC becomes tax-deductible, creating annual tax refunds you can use to pay down the mortgage even faster.