Season 2 · Episode 42
Smith Manoeuvre In A Financial Plan & The New OSFI Rules (Canadian Financial Summit 2023)
Unconventional Wisdom · Ed Rempel
September 19, 202435m 27s
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Show Notes
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?