Find out how borrowing to invest, rather that borrowing to purchase makes a big difference on your tax return.
On an average mortgage of $250,000, the interest amount payable in the first 5 years would be $44,600.00. Under the EC-TDM, this would be deductible against your income and would generate a substantial tax savings for you.
Also, there are ways to pay your mortgage, build savings and make your interest tax deductible as well.
Contact us for details.