How to Pay Off Your Mortgage Faster in Canada

Buying a home is one of life’s most significant financial decisions. After all, a mortgage may be the largest loan you ever make. So how can you pay off your mortgage faster? The Fastest Way to Pay off a Mortgage How To Pay Off Your Mortgage Faster When You Renew Factors to Consider Before Paying […]

Myth #4 – Investment Growth Rate Must Equal Borrowing Rate

Welcome to the fourth in a series of articles that will bust the myths and misunderstandings held by many Canadians – homeowners and financial professionals alike. If you’re new here, the first thing to know is that The Smith Manoeuvre is a financial strategy which Canadian homeowners can implement in order to: 1) significantly reduce […]

Myth #2 – The Debt Swap is The Smith Manoeuvre

Welcome to the second in a series of articles that will bust the myths and misunderstandings held by many Canadians – homeowners and financial professionals alike. If you’re new here, the first thing to know is that The Smith Manoeuvre is a financial strategy which Canadian homeowners can implement in order to: 1) significantly reduce […]

Myth #1 – The Smith Manoeuvre is a Leveraging Strategy

Welcome to the first in a series of articles that will bust the myths and misunderstandings held by many Canadians – homeowners and financial professionals alike. If you’re new here, the first thing to know is that The Smith Manoeuvre is a financial strategy which Canadian homeowners can implement in order to: 1) significantly reduce […]

Looking To Get Invested But Don’t Have The Cash?

Ask a wealthy Canadian when the best time to invest is and they’ll likely answer, “When you have the cash.”  However, that is easier said than done for most.  We want to be invested but considering the government takes around half our paycheque in taxes, the high cost of a mortgage, and the fact that […]

Assets You Already Own Can Speed Up Your Mortgage Pay Down

Many Canadians, although it hasn’t been easy, have managed to put aside a few dollars for retirement.  Maybe you own a few thousand dollars worth of mutual funds; maybe you own some stocks or bonds in your investment portfolio…. And that is great – you are ahead of the game compared to many of your […]

Reverse Mortgages Are Booming In Canada…

And that’s not a good thing.  Why?  Because it’s a direct testament to the fact that we Canadians are not sufficiently prepared for retirement.  If we were, would we be selling our house back to the bank?  No.  No, we would not. What is a Reverse Mortgage? You see, here’s how a reverse mortgage works: […]

Proof That Your Corporate Pension Plan Doesn’t Care About You

Journalist Josh Rubin opens up his August 29, 2019 article in The Star with: “We’ve all got that friend who says they can’t pay you back for dinner, but when you show up at their house you discover they just bought a brand new big-screen TV. Now imagine that dinner cost you $12 billion, and […]