Tag · Canada
mortgage
Loopholes Tagged "mortgage"
Plain-English guides to Canadian legal rights and workarounds related to mortgage.
Medium If You Own a Home
CMHC Mortgage Default Insurance — When You Can Stop Paying and How to Track Your Equity
CMHC mortgage default insurance (CMHC premium) is a one-time upfront cost on high-ratio mortgages — but unlike US PMI, it doesn't automatically cancel when you reach 20% equity. Understanding how it works prevents confusion about your ongoing costs.
Medium If You Pay Taxes
The Smith Manoeuvre
Convert your non-deductible Canadian mortgage into tax-deductible investment debt by borrowing against home equity to invest, generating annual tax refunds that further pay down your mortgage.