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.
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