The Smith Manoeuvre

Rating:
Summary: Finally - relief for Canadians
Review: Author Fraser Smith has become my hero. His book for making a mortgage tax deductable is brilliant. He writes about all the steps for average folks to do like the rich, and get richer, by turning mortgage interest into tax refunds. This is for Canadians. I will soon be marching down to my bank and demanding they turn my mortgage into a Smith mortgage, then running to my mailbox for my tax refund. I look forward to many worry-free years ahead as my retirement portfolio grows.... Two thumbs up for the Smith Manoeuver.

Rating:
Summary: Great concept, not well written
Review: When my acccountant described the Smith Manoeuvre, I was very interested and picked up the book. While not entirely well written (he rambles on about politics, the Canadian Alliance and Joe Clark) the core concept is sound and I'll be implementing this manouevre to start leveraging the principle gained in my current mortgage to get tax deductions.

His examples are not entirely intuitive. If he spent more time on explaining the fundementals and less on rah rah, it would make for a less confusing read.

That being said, despite the poor writing, his "manoeuvre" is great and the book is worth every penny. It'll get you on your way to getting tax deductions on your personal residential mortgage, and more importantly, increasing your net worth.