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Presentation transcript:

Disclaimer This presentation and all of the information it contains are provided "as is" without warranty of any kind, whether expressed or implied. All implied warranties, including, without limitation, implied warranties of merchantability, fitness for a particular purpose, and non-infringement, are hereby expressly disclaimed. Limitation of Liabilities Under no circumstances will Smith Consulting Group Ltd., any of its affiliates, or Fraser Smith be liable to any person or business entity for any direct, indirect, special, incidental, consequential, or other damages based on any use of this Web site or any other Web site to which this site is linked, including, without limitation, any lost profits, business interruption, or loss of programs or information, even if Smith Consulting Group Ltd, any of its affiliates, or Fraser Smith has been specifically advised of the possibility of such damages. Version 1.0

presents Your Name Here, CFP

Version 1

Tonight you will learn how to: FREE Get FREE tax refunds from the CRA Pay off your mortgage faster Build a personal pension plan

SIMULTANEOUSLY

The Problem…

The Solution…

THE SMITH MANOEUVRE History of THE SMITH MANOEUVRE

THE SMITH MANOEUVRE What is THE SMITH MANOEUVRE

THE SMITH MANOEUVRE is a financial strategy designed to convert the non-deductible interest debt of a house mortgage to the deductible-interest debt of an investment loan, which simultaneously ensures the building of a free and clear investment portfolio.

A picture is worth a thousand words…

THE SMITH MANOEUVRE Is your mortgage tax deductible?

GOOD DEBTBAD DEBT

THE SMITH MANOEUVRE Is your mortgage tax deductible? GOOD DEBTBAD DEBT

Another 1000 words… Another 1000 words…

THE SMITH MANOEUVRE Is your mortgage tax deductible?

tidbit How much do you have to earn to pay off a $200,000 loan?

Read it and weep… You need to earn this much: $700,402 You pay this much income tax: $280,161 You have this much left: $420,241 You pay this much bank interest: $220,241 Pay back the original loan: $200,000

$700,402 !!!

Is this legal?

During the past 20 years, THE SMITH MANOEUVRE has not been challenged by any tax authority, by any lawyer, by any accountant, by any financial planner or by any financial guru as regards the theory, the strategy, the mechanics, the arithmetic or the projected outcomes.

case history: Quantify the value of THE SMITH MANOEUVRE for the Blacks.

The Blacks $200,000 at 7% for 25 years Both work, $100,000 per year 40% tax bracket $50,000 rainy day fund Adding $500 per month 40 years of age, 2 kids and a dog

Future value for the Black’s current investment program?

$1,205,152

What if they did THE SMITH MANOEUVRE?

$1,962,770

THE SMITH MANOEUVRE $1,962,770 The difference $757,618 The Black’s way $1,205,152

For the Black’s, this is a decision worth 3/4 of a million dollars!

The Smithman Calculator Go to page 35 of your book.

Who’s doing the financing?

Lets summarize…

Your next step…

“Procrastination is the enemy of your financial success” F. Smith