The Smith Manoeuvre: Is Your Mortgage Tax Deductible?

Outspan Publishing, 1978. Soft cover. Near Fine. 8vo - over 7¾ - 9¾" tall. A tight and unmarked copy-Paperback Publisher: Outspan Publishing (1978) ISBN-10: 0973295201 ISBN-13: 978-0973295207 ASIN: B004VABJOG Product Dimensions: 8.5 x 5.6 x 0.5 inches Shipping Weight: 4.8 ounces-Fraser Smith entered the high octane realm of financial planning following a marketing career with Xerox of Canada. Smith was intrigued by the fact that Americans could deduct the interest expense of their house mortgages from their taxable income while Canadians could not. In 1984, having developed a unique financing strategy that effectively converted mortgage interest for Canadians into tax deductions, he presented his proprietary financing strategy to Larry Bell, president and CEO of Vancity Savings Credit Union. Within weeks, The Smith Manoeuvre was introduced on an experimental basis. Subsequently, hundreds of B.C. taxpayers are enjoying perpetual tax deductions by dint of the wonderful tax and investment effects provided by this elegant mortgage strategy. With the writing of this book, Smith is finally unveiling his proprietary secrets for the benefit of all.