Tax Deductible Mortgage Strategies

Use Non-Registered Investments to Make Your Mortgage Tax Deductible

The strategy is based on the concept that you have equity or cash in your home which is not being used effectively. If so, you may be able to access this equity quite easily and put it to work for you and save money on your taxes. If you have equity in your home and money invested in non-registered investment vehicles (e.g., mutual funds, stocks) this strategy may work for you.
APPLY ONLINE NOW or call us today at 416.480.0234 or 1.877.819.3619 to find out whether your mortgage can be made tax deductible.

The Tax Deductible Mortgage Plan

This unique mortgage strategy also allows you to make your current mortgage tax deductable but is significantly different from the one mentioned above. The Tax Deductible Mortgage Plan (TDMP) is a wealth creation strategy that focuses on re-structuring the mortgage you have on your principle residence. The TDMP meets Canada Revenue Agency requirements but is not recommended for all homeowners. If you are interested in learning more about the TDMP we recommend that you invest some time understanding the strategy to see if it is right for you. For those that qualify and understand the commitment, the TDMP offers an average tax refund of $4,500 in the first year. As a homeowner, you will be able to pay off your mortgage significantly faster, reducing your amortization to around 12 years.

To find out if you can make your mortgage tax deductible, please email us at tdmp@monstermortgage.ca.