Smith Manoeuvre Calculator - Andrew C. MacDonald

Let’s run your numbers and show you what’s possible with the Smith Manoeuvre!

Enter your details below and we’ll calculate your potential tax savings, mortgage payoff acceleration, and long-term wealth impact with the Smith Manoeuvre and show you the results.

Your Name(Required)

First Last

Your Email Address(Required)

Taxable Annual Income(Required)

This is line 150 of your T1 General or Notice of Assessment from CRA.

Current Value of Your Home?(Required)

A quick estimate is fine, does not need to be an exact value.

Remaining mortgage balance on your home?(Required)

Current interest rate on your home mortgage? (%)(Required)

Remaining amortization on your home mortgage? (years)(Required)

Do you currently have a secured line of credit / HELOC on your home?(Required)

Yes

What is the current limit on your home's secured line of credit?(Required)

What is the current balance on your home's secured line of credit?(Required)

Is your home's current mortgage re-advanceable?(Required)

Yes

Re-advanceable means that as you make your regular mortgage payments, the limit on your secured line of credit increases.

Which lender is your home's mortgage currently with?(Required)

When is your home's current mortgage up for renewal / maturity?(Required)

What is the amount of your current savings / non-registered investments?

This would not include anything you hold in TFSA / RRSP or other registered accounts.

Is there a certain amount per month that you currently invest in non-registered assets (eg. savings, stocks, bonds, ETFs, index funds, mutual funds, etc.)?

This would not include anything you are saving towards TFSA / RRSP or other registered accounts.

Do you have any rental income?(Required)

Yes

Tell us about your rentals(Required)

For example, do you have rental income from a suite in your home, or do you have separate rental properties? How much is your monthly rental income? What is your net monthly cash flow from your rentals?

Is there anything else we should know when running your Smith Manoeuvre Calculator?

Please let us know if there’s anything else you feel we should know, or if you have any additional mortgage planning questions you’d like to have answered.