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Tonight you will learn how to:

• Get FREE tax refunds from the CRA • Pay off your mortgage faster • Build an investment portfolio. Tonight you will learn how to:. SIMULTANEOUSLY. The Wealth Pyramid. The Problems…. THE SMITH MANOEUVRE Is your mortgage tax deductible?.

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Tonight you will learn how to:

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  1. • Get FREE tax refunds from the CRA • Pay off your mortgage faster • Build an investment portfolio Tonight you will learn how to:

  2. SIMULTANEOUSLY

  3. The Wealth Pyramid

  4. The Problems…

  5. THE SMITH MANOEUVREIs your mortgage tax deductible?

  6. THE SMITH MANOEUVREIs your mortgage tax deductible?

  7. The Solution…

  8. History of THE SMITH MANOEUVRE

  9. What is THE SMITH MANOEUVRE

  10. THE SMITH MANOEUVRE is a financial strategy designed to convert the non-deductible interest debt of a house mortgage to the deductible-interest debt of an investment loan, which simultaneously ensures the building of a free and clear investment portfolio.

  11. A picture is worth a thousand words…

  12. THE SMITH MANOEUVREIs your mortgage tax deductible?

  13. THE SMITH MANOEUVREIs your mortgage tax deductible? BAD DEBT GOOD DEBT

  14. THE SMITH MANOEUVREIs your mortgage tax deductible? BAD DEBT GOOD DEBT

  15. Another 1000 words…

  16. THE SMITH MANOEUVREIs your mortgage tax deductible?

  17. THE SMITH MANOEUVREIs your mortgage tax deductible?

  18. THE SMITH MANOEUVREIs your mortgage tax deductible?

  19. THE SMITH MANOEUVREIs your mortgage tax deductible?

  20. THE SMITH MANOEUVREIs your mortgage tax deductible?

  21. THE SMITH MANOEUVREIs your mortgage tax deductible?

  22. THE SMITH MANOEUVREIs your mortgage tax deductible?

  23. tidbit How much do you have to earn to pay off a $200,000 loan?

  24. Read it and weep… $700,402 • You need to earn this much: •You pay this much income tax: $280,161 $420,241 • You have this much left: $220,241 • You pay this much bank interest: •Pay back the original loan: $200,000

  25. $700,402 !!!

  26. Is this legal?

  27. During the past 20 years, THE SMITH MANOEUVREhas not been challenged by any tax authority, by any lawyer, by any accountant, by any financial planner or by any financial guru as regards the theory, the strategy, the mechanics, the arithmetic or the projected outcomes.

  28. Plain Jane Smith Manoeuvre Re-borrow and invest any paydowns on your first mortgage. Apply tax refunds against your first mortgage then immediately re-borrow and invest the same amount. The Four Steps

  29. Enhanced Plain Jane 3. Cash in and apply current paid up assets against the first mortgage in the morning, re-borrow and invest the same amount in the afternoon. 4. Divert any monthly savings or investment programs against the first mortgage, and immediately re-borrow and invest the same amount. The Four Steps

  30. case history: Quantify the value of THE SMITH MANOEUVREfor the Blacks.

  31. •$200,000 at 7% for 25 years • Both work, $100,000 per year • 40% tax bracket • $50,000 rainy day fund • Adding $500 per month •40 years of age, 2 kids and a dog The Blacks

  32. Future value for the Black’s current investment program?

  33. FV of $50,000 for 25 yrs $541,735 FV of $500/mth for 25 yrs 663,417

  34. $1,205,152

  35. What if they did THE SMITH MANOEUVRE?

  36. Plain Jane After Step 1 $214,207 After Step 2 309,882 Enhanced After Step 3 1,209,709 After Step 4 1,962,770 Results of the Four Steps

  37. $1,962,770

  38. THE SMITH MANOEUVRE$1,962,770 The Black’s way$1,205,152 The difference$757,618

  39. For the Black’s, this is a decision worth 3/4 of a million dollars!

  40. THE SMITH MANOEUVREIs your mortgage tax deductible?

  41. THE SMITH MANOEUVREIs your mortgage tax deductible?

  42. THE SMITH MANOEUVREIs your mortgage tax deductible?

  43. THE SMITH MANOEUVRE$1,962,770 The Black’s way$1,205,152 The difference$757,618

  44. Go to page 35 of your book. The Smithman Calculator

  45. The Blacks Plain Jane results $309,882 The Cash Flow Dam + $303,315 Total Improvement $613,197 The Cash Flow Dam

  46. Who’s doing the financing?

  47. Lets summarize…

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