Reduce Your Tax Burden with an In-Depth Evaluation of Your Finances.

Are you paying too much in taxes each year? Are your mortgages, investments, and taxes managed by different people without a coordinated plan?

Most people do not realize that their mortgage, investment, and taxes are closely connected. There is enormous potential for substantial tax savings when you structure your loans and investments in the right way.

Home equity can be leveraged to diversify investments and reduce your taxes. Smart borrowing strategies can reduce your interest payments or make mortgages tax-deductible.

Our team can show you how to use these strategies to thousands each year in taxes by using our approach, we will help you find ways to reduce your tax burden, lower your interest rates, and make your mortgage tax-deductible.

Get started with an evaluation today to find out how much you could be saving.

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How We Can Help?

Learn more about the ways that we can help you save on taxes.

Home Equity & RRSP Contributions.

Did you know that your home equity can be used to catch up on RRSP contributions? If you’ve seen the value of your home increase over the past years, you may be able to refinance your mortgage and put the proceeds towards saving for your retirement.

This approach will not only help to diversify your investments, it will also reduce your taxable income. Maxing your RRSP contributions will reduce your taxable income significantly — and proper use of home equity is the key to this process. That’s how our team was able to help our clients, Boris and Bonnie.

The RRSP catch-up strategy helped them to diversify home equity into other investments, kick start their retirement savings, and save them over $204,000 in taxes over 5 years.  The net impact was that they paid an after-tax cost of -2.58%.  Yes, that a negative 2.58%. Read our case study on RRSP catch-ups here.

Borrowing to Invest.

In order to deduct your mortgage interest from your annual taxes, you must satisfy two requirements:

  1. You must purchase an investment with the money that you borrow. This could be an investment property, a new business, stocks, bonds, etc.
  2. You must be able to show that your investment is generating income. This could be rent from a property, business revenue, or interest from investments.

If you have existing funds that you want to invest, it is better to use these funds to pay off your current mortgage. Then you can re-borrow what you planned to invest and qualify for an investment loan, making your interest payments tax deductible.

Discover how you can save on your taxes.

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