I Used the Smith Manoeuvre WRONG

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Издатель Apr 9, 2026

I made a costly tax mistake while using the Prime the Pump strategy as part of the Smith Manoeuvre accelerator and I didn’t even realize it for years.

Even though I understood investment interest deductibility and was correctly claiming it on my HELOC, I completely missed applying it to a mortgage refinance portion (~$68,000) that I invested in a non-registered account ever since I started implementing my Smith Manouevre portfolio back in 2022.

In this video, I walk through:
❎The exact mistake I made
❎Why it happens (even if you knew the strategy)
❎How interest deductibility actually works in Canada
❎How I confirmed the process with the Canada Revenue Agency (CRA)
❎The step-by-step process I used to fix it by refiling prior tax returns
❎What to expect if CRA reviews your adjustment

If you're using leveraged investing strategies like the Smith Manoeuvre or Prime the Pump, this is a must-watch to make sure you’re not overpaying taxes.

Note: This content is for entertainment and informational purposes only and is not financial, investment, or tax advice. I’m not a licensed advisor. All opinions are my own or my guest’s. Always do your own research and consult a qualified professional before making financial decisions. Investing involves risk, including the loss of principal. Past performance is not a guarantee of future results. Information is accurate as of the posting date and may change over time.

➡️My Smith Manoeuvre Playlist: https://www.youtube.com/watch?v=cSz5dkI4o6A&list=PLT-6dS8-S7TnQYU4x_nRfp5efln7hNfJ5
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