Tax Deductible Mortgage
Is Your Mortgage Tax Deductible? Do You Want A Tax Deductible Mortgage? How Can You Get A Tax Deductible Mortgage? We have the answers!
How to get Tax Refunds from your mortgage every year
Did you know Americans have Tax Deductible Mortgages, the interest payments are deductible? This is not the case in Canada, but with good financial planning and the right mortgage structure, homeowners are now able to collect Tax Refunds.
A Tax Deductible Mortgage is designed to generate Tax Refunds using the same cash flow as your mortgage payments. This technique has become increasingly popular since the introduction of specific mortgage products from many major lenders. These mortgages may be offered in bank branches, but the expertise to set it up, run it and stay within the Canada Revenue Agency guidelines is not always available.
The average homeowner spends $1,000’s every year on interest! If it was tax deductible, tax deductions would be substantial. Over 25 year mortgage it could be a small fortune in savings and tax refunds!
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