I read a bit about it, and you use the additional tax savings (from claiming the interest paid on an investment loan) to pay down additional principle on your mortagage, which then allows you to increase your loan and voila!, you have converted non-deductable mortgage interest into deductable investment interest. But it is risky, as others said, may financial advisors only do it for wealthy clients (i.e. the ones who won't be destitute if it fails), and if you make a mistake (incollateral setup or other spots) then CRA can deem the interest is still being for the purchase of your principal residence and disallow the tax claim.
If you have a good financial advisor and a high threshhold for risk, then it may be for you, but you don't get something for nothing.
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