The Tax Deductible Home Mortgage
The home mortgage is the largest debt most Canadians will ever undertake. Often the cost of servicing this debt burden cripples the homeowner’s ability to build an investment portfolio capable of meeting their retirement or lifestyle needs. When the homeowner finally pays off their home mortgage after many long years, the vast majority of their net worth is tied up in their home. The homeowner has to either sell the house or get a new mortgage to access their net worth. Typically, the homeowner does do not have an adequate investment portfolio to bring their retirement or lifestyle income up to an acceptable standard of living!
So how do we solve this dilemma? The answer is simple:
Make your home mortgage tax deductible!
This involves a simple financial strategy that financially savvy Canadians have been undertaking for many decades. The strategy involves converting the non-tax deductible interest payments of the home mortgage (bad debt) to the tax deductible-interest payments of an investment mortgage (good debt). In the process of the conversion, the homeowner creates an investment portfolio automatically and courteous of a government tax refund.
Key benefits of a Tax Deductible Mortgage
- Existing home mortgages (bad debt) is converted into an investment mortgage (good debt)
- The home mortgage is paid off substantially faster by using the government tax refund
- An investment portfolio is created automatically, providing the homeowner with investment income
| The Military Mortgage Plan is the single plan you need to take advantage of it all! |
| For more information or to set up an appointment |
(416) 619-9248 |
ARupf @ MorCan .ca (without spaces) |
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