The Smith Maneuver Tax Deductible Mortgage, Completely Done for You

  • Automatically convert your taxable mortgage interest into tax deductible interest
  • No additional monthly mortgage payment or cost on your part
  • Saves homeowners $300,000 on average

Altrua Financial Certified Financial Planners (CFP) and Mortgage Brokers specialize in the Smith Maneuver and are industry leading experts in facilitating all aspects of the approval and ongoing management, allowing you to benefit with ease. 

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What is the Smith Maneuver tax deductible mortgage?

The Smith maneuver is a legal, time tested mortgage strategy that has helped thousands of Canadians build equity faster, pay off their mortgage and retire sooner.

How does it work?

It’s based on a Big Bank mortgage/Home Equity Line of Credit (HELOC), readvanceable all-in-one product. As the mortgage is paid down over its normal amortization (ex.10,15, 25 or 30 years), the HELOC borrowing limit increases on a monthly basis.

Each month the HELOC limit increases, the HELOC is automatically borrowed from and automatically invested into the financial markets. 

Because you’re investing the borrowed HELOC funds, you can write off/ deduct the HELOC interest cost from your income taxes. In Canada you can legally deduct borrowing costs linked to income producing investments.

Why get the Smith Maneuver?

Over time, your regular mortgage is paid down, and your tax deductible HELOC and investment pool grows.

Income tax refunds, from your deducted HELOC interest can be used to pre pay the main mortgage faster, and perpetuate the conversion process, savings years off your mortgage.

It has been shown over 50 years that market index average returns (ex. TSX and S&P 500 indexes) are higher than the tax deductible cost of borrowing over time. So the result is additional gains or a ‘profit’ spread for you – $300,000 on average all with no additional mortgage payment or costs to you.

At Altrua we have the secret sauce for optimal Smith Maneuver success, prepared for you to implement and manage with minimal time and effort. 

Academic Study Illustrating Long Term Performance

  • Results show that long term use of the Smith Maneuver result in gains
  • There is no 10 year period where you would lose
  • The average profit is $300,000

Click to Book an Appointment Or Call 1-877-248-9210 to Talk To A Specialist Now

How the Smith Maneuver can be Optimized for Success

  • Lower cost of investing
  • Tax efficient collapse of the Smith Maneuver
  • Long term contact and annual updates
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Calculate Your Smith Maneuver Gains

  • Use our handy calculator to project your results
  • See how the return can add up over time
  • Discuss with Altrua how to implement and optimize

Included with the Altrua Financial, Done for You Smith Maneuver 

  • Recommendation of best HELOC mortgage product with the best mortgage rates and features
  • Implementation of the mortgage and account set up
  • A partnership with the largest index investment portfolio manager in Canada (CI Investments)
  • Professional record keeping and income tax preparation included
  • A personalized Financial Plan to show you the expected results and track over time
  • Personalized annual updates and unlimited availability for questions and changes as needed

We handle the heavy lifting so you don’t have to. In just minutes get approved for a life changing financial strategy.

Book a No Obligation Call

Smith Maneuver Done For You

Making Your Mortgage Interest Tax Deductible With Ease

FAQ’s

Altrua Financial Questions:

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Smith Maneuver Questions:

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