Death and taxes are pretty well the only events that we can be certain of. Taxes can be deferred until some future date and the other...we just never know.
Many of our clients prefer conventional mortgages ... but there are those who wish that, like our US neighbors, there was a way to write-off their mortgage payments.
IF you are eligible and willing to take a few extra steps, there IS a way to write off your mortgage. You will not only benefit with additional tax efficiencies but at the same time can build your investment portfolios at no additional cost.
The Tax Deductible Mortgage Plan is a systematic approach to convert current non-deductible interest on debt, like a traditional mortgage, to deductible interest on debt that falls within CRA guidelines for tax deductibility. You benefit by deferring income tax until some future date and you achieve access to additional funds that you can invest for your future retirement needs.
The plan is simple and is based on the belief that the equity in your home is sitting dormant. In other words, while you are sleeping it is also sleeping and while you are working it is still sleeping. We believe that it could be in your best interest to tap into your equity and put it to use inside the structure of a well thought-out long-term plan.
How Does It Work?
In a nutshell ... the Tax Deductible Mortgage Plan (TDMP) allows you to convert your mortgage into a tax-deductible loan. In turn, you convert the interest into a tax deduction, which for many people will generate a Tax Refund. Watch this video for more information.
Who Is Eligible?
The best way to know if you qualify and if TDMP is right for you is to complete the TDMP Test and get your Free Benefits Analysis Report. Once you have done this, we will contact you to let you know if you qualify for the plan.
Here Are A Few Basic Guidelines:
1. You must currently own a home and have built up at least 20% equity. [It is possible for new buyers to qualify, but this will require a consultation with us to see if it will work for your circumstances.]
2. Your outstanding mortgage balance should be at least $100K.
3. You must be employed (or self-employed) with good credit.
What Do You Need In Order To Get Started?
IF you qualify (take the test) you will need to set up a team of professionals. We have a team of TDMP specialists who are experienced with setting up the TDMP plan. We will introduce you to our team and get you started.
Your team of advisors will include:
- Averbach Mortgages TDMP Advisor (aka Justin Blacklock)
- Financial Advisor
- TDMP Cash Management System
- Tax Accountant
Take the TDMP Qualification Test and then give us a call at 604-736-1855 to discuss your options. This ONE move could save you thousands upon thousands of your hard-earned money.
As always, should you have any questions or concerns, please do not hesitate to contact us.
CALL US NOW: 604-736-1855
