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I'm thrilled to share this video where I reveal a unique strategy that can help Canadian homeowners turn a non-tax deductible mortgage into a tax deduction machine.
I guide you through the process of converting a portion of your primary residence mortgage into a tax-deductible mortgage. By implementing the steps I discuss, you can potentially save thousands on interest costs and turn your mortgage into a significant tax deduction.
By the end, you'll gain insights on how to use tax deductions, pay off your mortgage faster, and save on taxes. If you're looking to maximize your tax benefits and make your mortgage work to your advantage, then this video is for you.
Key Moments In This Episode
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00:00 - Introduction
02:20 - Leveraging Home Equity Line of Credit to Pay for Rental Property Expenses
04:35 - Five-Step Process to Convert Your Mortgage into a Tax-Deductible Machine
06:52 - How to Save on Interest Costs in the First Year
09:12 - Transforming Your Mortgage into a Tax Deduction Machine
11:26 - Saving Thousands of Dollars on Non-Deductible Interest
13:40 - Significant Savings on Your Primary Residence Mortgage
16:00 - Pay Off Your Mortgage Faster and Save on Taxes
If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.
Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!
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Please make sure to speak to a professional that knows your personal situation before making a decision.
If you need to talk to someone on my team, email us at admin@cccpa.ca.
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DISCLAIMER:
Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
The information contained in this video is for general information purposes only.
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