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Smith Manoeuvre In A Financial Plan & The New OSFI Rules (Canadian Financial Summit 2023)
Manage episode 440744228 series 3460431
The Smith Manoeuvre is an efficient strategy to use your home equity to invest for your future without using your cash flow, while converting your mortgage into a tax-deductible debt.
If you do the Smith Manoeuvre, understanding the new OSFI mortgage rules is crucial.
In this podcast episode with Barry Choi, I break down what the changes mean and how they impact your strategy.
You’ll learn:
- What is the Smith Manoeuvre?
- What are the new OSFI mortgage rules?
- How will they affect the Smith Manoeuvre?
- What is the formula in the rules?
- Examples of the effect.
- Effect on monthly investment.
- Best & worst-case examples.
- How do you manage the process?
- How to minimize or eliminate the effect.
- Effect on Smith Manoeuvre vs. TFSA decision?
120 episódios
Manage episode 440744228 series 3460431
The Smith Manoeuvre is an efficient strategy to use your home equity to invest for your future without using your cash flow, while converting your mortgage into a tax-deductible debt.
If you do the Smith Manoeuvre, understanding the new OSFI mortgage rules is crucial.
In this podcast episode with Barry Choi, I break down what the changes mean and how they impact your strategy.
You’ll learn:
- What is the Smith Manoeuvre?
- What are the new OSFI mortgage rules?
- How will they affect the Smith Manoeuvre?
- What is the formula in the rules?
- Examples of the effect.
- Effect on monthly investment.
- Best & worst-case examples.
- How do you manage the process?
- How to minimize or eliminate the effect.
- Effect on Smith Manoeuvre vs. TFSA decision?
120 episódios
Kaikki jaksot
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