The Smith Manoeuvre Explained: A Canadian Strategy to Build Wealth and Reduce Taxes

What if your mortgage could help you build wealth, reduce taxes, and strengthen your retirement plan at the same time? Many Canadians are focused on paying off their mortgage as quickly as possible. But what if there was a smarter way to use your home equity while building an investment portfolio for the future? Financial educator and author Robinson Smith joins Sybil Verch to explain the Smith Manoeuvre, a uniquely Canadian strategy that helps homeowners convert non-deductible mortgage debt into tax-deductible investment debt. Together, they break down how the strategy works, why it has helped Canadians for decades, and what homeowners need to know before deciding if it's right for them. You'll learn how a re-advanceable mortgage and HELOC can be used to create long-term investment opportunities, the role tax deductions can play in accelerating wealth building, and why discipline is often more important than the strategy itself. Robinson also explains the most common mistakes people make, the risks to consider, and why working with the right team of professionals can make all the difference. Whether you're approaching retirement, looking to improve your financial flexibility, or simply wondering if your mortgage could be working harder for you, this conversation provides valuable insights into one of Canada's most talked-about wealth-building strategies. What the Smith Manoeuvre is and how it works How to convert mortgage debt into tax-deductible investment debt The difference between "good debt" and "bad debt" Why many wealthy Canadians use debt differently How tax savings can help accelerate wealth creation The importance of investor discipline and long-term thinking Common mistakes that can derail the strategy The key risks every homeowner should understand Why professional guidance is essential If you're a Canadian homeowner looking for ways to build wealth while improving tax efficiency, this is a conversation you won't want to miss.