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New OSFI Mortgage Rules – How Do They Affect The Smith Manoeuvre?
Season 1 Episode 41
You may have received a letter from your bank or heard people talk about the new OSFI mortgage rules.
We've had a lot of our clients contacting us about it as well, since the new rules start this year for mortgages.
These new rules will affect the Smith Manoeuvre in some ways, so it's important to understand exactly what you should do.
Listen to this podcast episode to find out:
- What is the Smith Manoeuvre?
- What are the new OSFI mortgage rules?
- How will they affect the Smith Manoeuvre?
- What is the formula in the rules?
- Examples of the effect.
- Effect on your monthly investment.
- Best & worst-case examples.
- How do you manage the process?
- How to minimize or eliminate the effect.
- Effect on Smith Manoeuvre vs. TFSA decision.
Published on 2 years, 4 months ago