Calgary14, I've checked out the Smith Manoeurver. And my thinking is in this low interest rate envirornment, the tax saving does not justify the added risk of leverage. I pay 3.5% on my HELOC so even at the highest tax AB bracket, I save 1.365% on tax. In reality it's going to be less than that becase there's got to be some additional transaction fees and I still end up paying tax on the Dividends I received. I doubt at the end, I'll save anything if at all. Do you agree?
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