Smith Manoeuvre
Project deductible interest, HELOC growth, and investment returns for a readvanceable strategy.
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Outstanding mortgage balance before re-advancing principal.
Smith Manoeuvre
Map principal re-advances, capitalized interest, and projected refunds for your strategy.
How this calculator works
Model debt recycling and potential tax deductibility over time.
Use it for scenario planning with professional tax advice.
Inputs you will need
- Mortgage balance and rate
- Marginal tax rate
- Investment return assumptions
- Readvanceable draw plan
Assumptions and limitations
- Assumes consistent investment returns.
- Tax outcomes vary and require professional advice.
- Interest deductibility rules can change.
Example scenarios
Conservative return scenario
Use a 4% return to stress-test the strategy.
Aggressive repayment
See how faster mortgage paydown accelerates recycling.
Related tools
Save and compare scenarios
Create a free account to save scenarios, compare options side by side, and share results with your broker team.
Frequently asked questions
Is this tax advice?
No. Always consult a qualified tax professional.
Do I need a readvanceable mortgage?
Yes. The strategy depends on a readvanceable structure.
Is the Smith Manoeuvre risky?
It involves leverage and market risk. Only proceed with full guidance.