A Tax Deductible Mortgage You Say...
I had the opportunity today to sit in on a presentation sponsored by Krystine McInnes of Dominion Lending Centres that introduced a product called TDMP - Tax Deductable Mortgage Plan and found it very interesting indeed.
A little bit of background before we get to the seminar - I have known Krystine for about 5 years, prior to her becoming a Mortgage Broker and me becoming a Realtor. We - in fact - delivered my grandson Logan together.. (the hot doctor just caught the baby.) I know many mortgage specialists - and Krystine arranged my last mortgage 3 years ago. It is up for renewal April 1st.. (WHO does that?) So I am in the market for a mortgage in the imminent future.
Here is a cool little graphic from the presentation.
Now.. I don't have near the expertise to explain the concepts to you at this point but I am going to look further into this and work with Krystine to bring you more information.
Here is a link to Krystines Website
Meanwhile - here is a blog article as part of due diligence and here is some info on Cash Damming
Here is a link to the INCOME TAX ACT and here is the Bulletin IT-533 in PDF.
I have asked for a followup appointment to learn more.. and will share what I find. Meanwhile - check it out for yourself and let me know what your thoughts are.