Smith Manoeuvre
Project deductible interest, HELOC growth, and investment returns for a readvanceable strategy.
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Interactive calculator
Smith Manoeuvre
Map principal re-advances, capitalized interest, and projected refunds for your strategy.
Calculation notes
Methodology for the smith manoeuvre
Model debt recycling and potential tax deductibility over time.
Use it for scenario planning with professional tax advice.
Inputs to check
- Mortgage balance and rate
- Marginal tax rate
- Investment return assumptions
- Readvanceable draw plan
Assumptions
- Assumes consistent investment returns.
- Tax outcomes vary and require professional advice.
- Interest deductibility rules can change.
Related tools
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
Use this payment output in the next decision
Payment and amortization scenarios matter most when they connect to a rate, a contract strategy, and a broker-reviewed fallback plan if rates move or priorities change.
Guides
Read the Canada-specific playbook before you commit to the next step.
Execution
Use the broker workflow, rates pages, or secure dashboard to move from estimate to action.
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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.