Quote:
Originally Posted by burn_this_city
Isnt it called the Smith Manoeuvre?
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You can do a specfic on-going process where its called the Smith Maneouvre, but you can also just borrow equity out of your home and invest it.
Quote:
Originally Posted by mykalberta
I thought there was a case recently settled in Ontario earlier this year where a couple did that and judgement was found against them. I guess not.
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The case was quite different from simply taking equity out of a house and investing it. Without getting into all of the details, the case involved a couple taking money out of their home and basically buying business from themselves and writing off the interest from that transaction.