Retire House Rich and Cash RichBook - 2011
Mortgage Freedom will save the average Canadian homeowner tens of thousands of dollars and help shave years off of their mortgage. In this book Alexander Aitken offers readers a comprehensive method to structure their debt in a way that will provide tax deductions and tax refunds for most Canadians. The book explains - the type of mortgage required, - ways to accelerate the plan, - the investments used, - how to use tax refunds, - recent tax rulings, - and much more. In the simplest terms, Canadian homeowners make regular mortgage payments, which create home equity. That equity can be borrowed back from a line of credit and used for investment purposes. Interest on an investment line of credit is tax-deductible and the tax refunds, along with the net income from these investments, can be used to pay off a mortgage much faster.
Publisher: London, Ont. : Insomniac Press, 2011
Branch Call Number: 332.7220971 AIT 2011 22
Characteristics: 206 p