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Master Your Mortgage for Financial Freedom: How to Use The Smith Manoeuvre in Canada to Make Your Mortgage Tax-Deductible and Create Wealth
The Smith Manoeuvre should be considered for implementation by every Canadian family that has a conventional mortgage on their home. Why? Because with a simple, one-time restructuring of your finances it can be worth hundreds of thousands of dollars to you.
This exciting financial strategy simultaneously converts mortgage interest to tax refunds, shortens the amortization period of the mortgage and builds a free-and-clear portfolio of investments of your own choosing to fund the future for your family.
This unique strategy is not reserved for the wealthy. If you have a mortgage, you can make it tax-deductible. No new money is required from you, your debt will not increase, the benefits are free, and The Smith Manoeuvre is legal - in fact, it is encouraged.
Miss no opportunity - read this book and enlist the guidance of accredited Smith Manoeuvre Certified Professionals near you. It can mean the difference between working in your retirement or making your retirement work for you.
This exciting financial strategy simultaneously converts mortgage interest to tax refunds, shortens the amortization period of the mortgage and builds a free-and-clear portfolio of investments of your own choosing to fund the future for your family.
This unique strategy is not reserved for the wealthy. If you have a mortgage, you can make it tax-deductible. No new money is required from you, your debt will not increase, the benefits are free, and The Smith Manoeuvre is legal - in fact, it is encouraged.
Miss no opportunity - read this book and enlist the guidance of accredited Smith Manoeuvre Certified Professionals near you. It can mean the difference between working in your retirement or making your retirement work for you.
- GenresFinanceNonfiction
151 pages, Kindle Edition
Published November 5, 2019
31 people are currently reading
97 people want to read
About the author
Robinson Smith
1 book3 followersRobinson graduated from the University of Victoria with a double major in Economics and Chinese Studies in 1995. During his time at UVic, he also took some time to study Mandarin in Beijing and Shanghai and upon graduation worked in various sectors in China including international trade and investment while serving as acting Commercial Counselor at the Canadian Embassy in Beijing.
After obtaining an International Business MBA from Simon Fraser University in 2003, Robinson returned again to China to become vice president of a boutique international investment bank based in Beijing and worked on various projects as diverse as seaports, steel cable manufacture, lumber joint ventures and hydrogen fuel-cell investment. He has dined and mingled with the likes of Henry Kissinger, Prime Minister Jean Chretien and the Premier of China, yet somehow still manages to maintain an air of superiority.
In 2006, Robinson returned to Victoria to work with his father, Fraser, the financial strategist who pioneered The Smith Manoeuvre, where he helped over 500 families implement the strategy one at a time. In 2018, Robinson sold his investment advisory practice in order to write the follow-up to his father’s original book and reach even more Canadians.
Robinson now dedicates his time writing, speaking and training both homeowners and financial professionals in The Smith Manoeuvre strategy in order to continue on with his father’s original mission to give every Canadian homeowner the opportunity to say “yes” to the question, “Do you want to make your mortgage tax deductible?”
He lives in Victoria, BC, with his wife, Heidi, and their dog, Harley.
After obtaining an International Business MBA from Simon Fraser University in 2003, Robinson returned again to China to become vice president of a boutique international investment bank based in Beijing and worked on various projects as diverse as seaports, steel cable manufacture, lumber joint ventures and hydrogen fuel-cell investment. He has dined and mingled with the likes of Henry Kissinger, Prime Minister Jean Chretien and the Premier of China, yet somehow still manages to maintain an air of superiority.
In 2006, Robinson returned to Victoria to work with his father, Fraser, the financial strategist who pioneered The Smith Manoeuvre, where he helped over 500 families implement the strategy one at a time. In 2018, Robinson sold his investment advisory practice in order to write the follow-up to his father’s original book and reach even more Canadians.
Robinson now dedicates his time writing, speaking and training both homeowners and financial professionals in The Smith Manoeuvre strategy in order to continue on with his father’s original mission to give every Canadian homeowner the opportunity to say “yes” to the question, “Do you want to make your mortgage tax deductible?”
He lives in Victoria, BC, with his wife, Heidi, and their dog, Harley.
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Displaying 1 - 16 of 16 reviews
February 9, 2020
The core idea of the book, how the Smith Manoeuvre works and various add-on accelerators, could probably fit in a single chapter. The rest of the book is a combination of fluff and annoying marketing for certifications, courses and overpriced calculator. The real useful part of the book, you can find online for free.
April 8, 2025
Feels a little funny reading about this while watching the stock market crumble. Might circle back in a while
April 22, 2021
Full disclosure, I'm a Mortgage Agent, and although I didn't find this overly confusing, I can see how explaining it to my potential clients could be.
It's an interesting idea; one that our neighbours to the South can take advantage of fully.
The Smith Manoeuvre is a legal, Canadian tax strategy that effectively makes interest on a residential mortgage tax-deductible in Canada.
As a financial planning strategy, the Smith Maneuver involves converting the interest a homeowner pays on their mortgage into tax-deductible investment loan interest.
The book states many, many times that it is not a leveraged investment strategy and after the third time I read this I was convinced that this is, in fact, a leveraged investment strategy.
When using the Smith Manoeuvre and implementing a leveraged investing strategy it is critical that you understand that if markets go down, you still have to pay interest on your investment loan. Consequently, borrowing money in order to invest can be quite risky in the short term, and if you need the money in the next 5-10 years, I would definitely not set up a Smith Manoeuvre! Leverage works against you, so when markets go down, you will really feel that sting if you are looking at your investment accounts every day.
Nonetheless, a valued read and something I might consider.
Not will, might.
I need to sell the idea to my wife and myself, before I sell it to my clients.
It's an interesting idea; one that our neighbours to the South can take advantage of fully.
The Smith Manoeuvre is a legal, Canadian tax strategy that effectively makes interest on a residential mortgage tax-deductible in Canada.
As a financial planning strategy, the Smith Maneuver involves converting the interest a homeowner pays on their mortgage into tax-deductible investment loan interest.
The book states many, many times that it is not a leveraged investment strategy and after the third time I read this I was convinced that this is, in fact, a leveraged investment strategy.
When using the Smith Manoeuvre and implementing a leveraged investing strategy it is critical that you understand that if markets go down, you still have to pay interest on your investment loan. Consequently, borrowing money in order to invest can be quite risky in the short term, and if you need the money in the next 5-10 years, I would definitely not set up a Smith Manoeuvre! Leverage works against you, so when markets go down, you will really feel that sting if you are looking at your investment accounts every day.
Nonetheless, a valued read and something I might consider.
Not will, might.
I need to sell the idea to my wife and myself, before I sell it to my clients.
August 2, 2022
This is very interesting. Very interesting indeed. As other reviewers have noted, yes, Smith probably pushes his course/paid materials a few too many times throughout the book, but nevertheless, there is a lot of interesting information here about the "Smith Manoeuvre" concept and how to implement it. I might even give it a go myself but still on the fence about it. But the truth is that average Canadians without a pension or other guaranteed lifetime income need to come up with creative solutions if they're ever going to reach retirement, and this is one such creative solution. As someone who has been debt averse all their life, it is an interesting shift in perspective (and probably a good point) that wealth is measured by net worth, not by how little debt you have. Yes, there are risks. But if you're investing for the long term and picking mostly Canadian blue chips, you'll probably be OK.
August 16, 2023
Waste of Time - You’re paying for an ad
The strategy itself is very interesting and seems sound in theory and practice. The book itself is a waste of time. The author comments on websites not doing a good job explaining the process but this book is worse than the websites I’ve seen. He sprinkles bits of info but it is so vague and every 2nd page seems to reference his site, his accreditation, his products. Don’t pay for this, you’re paying for a giant ad.
The strategy itself is very interesting and seems sound in theory and practice. The book itself is a waste of time. The author comments on websites not doing a good job explaining the process but this book is worse than the websites I’ve seen. He sprinkles bits of info but it is so vague and every 2nd page seems to reference his site, his accreditation, his products. Don’t pay for this, you’re paying for a giant ad.
November 25, 2024
The book is constructed like an infomercial. It’s true what others say, you can find the information online (on youtube or even asking ChatGPT to explain it).
The book itself is a blatant attempt to sell the use of the calculator, use of professionals who have to pay to get certified and once you’re getting towards the end of the book all he talks about is his course and how there is where you will really learn how to implement the strategy.
The book itself is a blatant attempt to sell the use of the calculator, use of professionals who have to pay to get certified and once you’re getting towards the end of the book all he talks about is his course and how there is where you will really learn how to implement the strategy.
September 8, 2022
Amazing idea
Great idea to convert your debt into tax deductible debt, and stay leveraged while receiving tax refunds on that debt, ensuring you'll have a big cushion for your retirement
Great idea to convert your debt into tax deductible debt, and stay leveraged while receiving tax refunds on that debt, ensuring you'll have a big cushion for your retirement
June 29, 2023
Excellent view, awaiting implementation
This book provides insight to the little known strategy of making non-deductible debt deductible. I will call that the 9th wonder of
the world.
This book provides insight to the little known strategy of making non-deductible debt deductible. I will call that the 9th wonder of
the world.
July 1, 2024
Every Canadian Family Needs to Know about this powerful Formula!!
This will Change Your Family’s Future significantly !!! Read it till it makes sense! You’ll be grateful you did!!
It’s an investment that will pay dividends!!
This will Change Your Family’s Future significantly !!! Read it till it makes sense! You’ll be grateful you did!!
It’s an investment that will pay dividends!!
May 23, 2022
Should I get a smith manoeuvre certified professional?
February 18, 2024
very good book to learn about Smith Maneuver in Canada. What I don't like about this book is that the author advertise too much about his website and his course
March 8, 2024
A book that could have been a blog post.
Convert your equity into investments and used those investments as a tax write off.
No need to read the book now.
Convert your equity into investments and used those investments as a tax write off.
No need to read the book now.
Read
June 2, 2024Really self promoting and makes a lot of references to utilizing professional help but over does it a bit.
September 25, 2020
This book is a straight sales pitch from beginning to end
If I had a dollar for everytime he says smith manoeuvre or refers to smithman calculator or smithman certified professionals I would be mortgage free!
This author is more concerned with selling books and pushing product then whether his advice actually works
If I had a dollar for everytime he says smith manoeuvre or refers to smithman calculator or smithman certified professionals I would be mortgage free!
This author is more concerned with selling books and pushing product then whether his advice actually works
October 30, 2025
Assuming someone makes enough to afford a home these days. Those on the lower pay scale... dont even bother.
January 30, 2024
Read this book if you:
✓ own a home (or hope to own a home) in Canada
✓ are worried about how you will afford to one day retire
✓ want to accelerate your path to financial independence or retirement
✓ don’t want to have to decide between paying down your mortgage or investing
✓ want a big tax return yearly
✓ are happy to borrow to invest in more real estate or in the stock market
Do not read this book if you:
✕ want to get-rich-quick
✕ never want to own a home in Canada
✕ are a homeowner clear-and-free who does not want to borrow against their home
✕ love paying high taxes
Robinson Smith, the author of Master Your Mortgage, argues that this book is potentially worth hundreds of thousands of dollars to you. I know personally that this can absolutely be true when this debt conversion strategy is implemented correctly and carefully.
Most Canadians probably won’t adopt the strategies offered here, but I do think that every homeowner should read this book to understand that there is a way to receive larger tax returns, pay down their mortgage faster, and ultimately end up with a more secure financial future.
Smith makes it clear that this debt conversion strategy (not leverage!) depends on compound growth, a wise investment choice, and the help of knowledgeable professionals.
✓ own a home (or hope to own a home) in Canada
✓ are worried about how you will afford to one day retire
✓ want to accelerate your path to financial independence or retirement
✓ don’t want to have to decide between paying down your mortgage or investing
✓ want a big tax return yearly
✓ are happy to borrow to invest in more real estate or in the stock market
Do not read this book if you:
✕ want to get-rich-quick
✕ never want to own a home in Canada
✕ are a homeowner clear-and-free who does not want to borrow against their home
✕ love paying high taxes
Robinson Smith, the author of Master Your Mortgage, argues that this book is potentially worth hundreds of thousands of dollars to you. I know personally that this can absolutely be true when this debt conversion strategy is implemented correctly and carefully.
Most Canadians probably won’t adopt the strategies offered here, but I do think that every homeowner should read this book to understand that there is a way to receive larger tax returns, pay down their mortgage faster, and ultimately end up with a more secure financial future.
Smith makes it clear that this debt conversion strategy (not leverage!) depends on compound growth, a wise investment choice, and the help of knowledgeable professionals.
Displaying 1 - 16 of 16 reviews