♦Smith Manoeuvre In A Financial Plan & The New OSFI Rules (Canadian Financial Summit 2023)♦
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 KZitem video 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?
Enjoy!
Ed
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Thanks so much!
Ed Rempel
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Ed Rempel CPA, CMA, CFP is a financial blogger, fee-for-service financial planner and tax accountant with a ton of real life financial planning experience. He was awarded “Best Canadian Personal Finance Blog” by Expertido, and is the #1 financial blog in Canada for a financial planner on Hardbacon and Feedspot.
For the past 28 years, he has assisted thousands of Canadians with creating real, professional, “interactive” financial plans that earn results. Ed is known for his financial strategies, such as the Smith Manoeuvre and Lifecycle Investing strategies. He is also particularly skilled with the 8-Year GIS Strategy, a strategy to help seniors qualify for larger government pensions using effective planning & investing.
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