How the Smith Manoeuvre Works in Canada (with Steve Tsonev) | Real Estate Investing Canada

🎧 How the Smith Manoeuvre Works in Canada (with Steve Tsonev) Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier Today's episode dives deep into one of Canada's most powerful and misunderstood tax strategies for homeowners and investors: the Smith Manoeuvre. Wayne and Gabby are joined by Steve Tsonev from Finngo Bookkeeping & Tax to explain how Canadians can make the interest on their mortgage tax-deductible and why this strategy can dramatically grow your wealth over time. You'll also hear Wayne's personal story of discovering the Smith Manoeuvre, why Finngo became a certified provider, and how you can implement it the right way. 🧠 What You'll Learn in This Episode What the Smith Maneuver is and how it works Why mortgage interest isn't normally deductible in Canada (but can be) What a re-advanceable mortgage is and why it's key to this strategy What counts as eligible investments (and what doesn't) Why CRA contamination rules matter and how to avoid costly mistakes The three professionals you'll need to do it right How to avoid being denied $150,000+ in interest deductions A real-life scenario showing the potential to build $2M+ in wealth Why timing matters and it may not make sense to implement yet 👥 About Your Hosts Wayne and Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & Tax help: www.finngo.com/rei Submit a question: [email protected] 📘 Get the 5% Rule™ Book Want to know if your property actually cash flows? Get your copy of The 5% Rule: A Real Estate Cash Flow Test for Canadian Investors on Amazon: 📖 Order Now - https://www.amazon.ca/dp/B0F9Z5ZD3B?ref_=cm_sw_r_ffobk_cp_ud_dp_C8X9DW5NYMDNZY1ZNTC2_3&bestFormat=true 📆 Upcoming Event – REI Masters Networking BBQ & Private Lending Info Session 📅 Saturday, July 19 | ⏰ 4–8 PM 📍 Sir Wilfrid Laurier Park, Edmonton Join us for a free BBQ, lawn games, and networking with real estate investors. Hot dogs by Samuel from SPM Inc. Renovations and Q&A with Kaelan Nelson from Calvert Home Mortgage. 🎟️ Register Now → https://www.eventbrite.ca/e/1443974268909?aff=oddtdtcreator 🤝 Thanks to Our Sponsors 🏠 Krystal Kromm – Red Deer Investor-Focused Realtor 📞 (587) 377-8584 🔗 Facebook 🏢 Calvin Realty – Edmonton Investor-Focused Realtor Team 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 [email protected] 🔗 Facebook 🏗️ Calvert Home Mortgage Investment Corporation 📞 403-278-0249 📧 [email protected] 🆔 FSRAO License Numbers: 13267 and 13268