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Modern Wealth

Tom Moffat
Manulife One
Smith Maneuver
Mortgage
Offset Mortgage Strategy
Canada
Offset Mortgage
Canada Revenue Agency
Rental Cash Damming
Mortgage Interest Tax Deductibility
Rental Cash Jamming
Debt Swap Strategy
Rental Property
HELOC
CRA
Investing
Retirement Planning
Manulife
Home Equity Line Of Credit
Tax Deduction
Tango Financial

This podcast is where I teach you the strategies that actually work for building wealth in today's Canada (not what worked decades ago).

PublishesDailyEpisodes31Founded2 years ago
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Education

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Artwork for Modern Wealth

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EPISODE DESCRIPTION

In this episode, Tom & Brandon discuss the Bank of Canada announcement for March.

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MORTGAGE INQUIRIES

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EPISODE DESCRIPTION

In this episode, Brandon shines a light on some of the recent activity of Justin Trudeau and the Liberal party, what the implications mean for homeowners, and steps you can take ... more

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Recent Guests

Ryan Wiley
Guest on discussing Manulife One and its strategy
Episode: 30: The TRUTH About The Manulife One Mortgage Product

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Talking Points

Recent interactions between the hosts and their guests.

31: 17 Rental Cash Damming Questions Answered (I Get Asked These Daily)
Q: Question number twelve, do I need an accountant?
Yes, absolutely; an SMCP-qualified accountant (Smith Maneuver Certified Professional) is highly recommended to manage deductible vs non-deductible debt, maintain proper records, and represent you if audited.
31: 17 Rental Cash Damming Questions Answered (I Get Asked These Daily)
Q: Question number eleven, what happens when I sell the rental?
The HELOC becomes non-deductible once you sell if the borrowed funds no longer fund a rental activity; options include paying off the HELOC or waiting until mortgage-free, and there are considerations depending on the number of properties and amortization schedule.
31: 17 Rental Cash Damming Questions Answered (I Get Asked These Daily)
Q: Question number seven, what if my rental property is cash flow negative?
The strategy can still work by using the HELOC to cover the shortfall, provided there is room on the line of credit to service the cash flow gap, making it a temporary relief rather than a permanent condition.
31: 17 Rental Cash Damming Questions Answered (I Get Asked These Daily)
Q: Question number three, how is it different from the Smith maneuver?
The Smith maneuver borrows to invest in stocks or funds, whereas rental cash damming borrows to pay for rental property expenses; cash damming does not involve investment risk but relies on the mortgage pay down and tax deductions rather than investment growth.
31: 17 Rental Cash Damming Questions Answered (I Get Asked These Daily)
Q: Question number two, is this legal?
Yes, it is legal and recognized by the CRA in the income tax folio S3, F6, C1; the key is ensuring the borrowed money is used for income-generating purposes and maintaining strict separation from personal expenses to avoid trouble in audits.

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Frequently Asked Questions About Modern Wealth

What is Modern Wealth about and what kind of topics does it cover?

This series centers on practical, numbers-driven wealth-building strategies tailored for Canadians, with a strong emphasis on mortgage optimization and leveraging home equity. Episodes frequently dissect techniques like rental cash damming, the Smith Maneuver, and offset-style products (such as Manulife One), explaining how to structure debt, manage cash flow, and maximize tax benefits while staying compliant. The show blends detailed, scenario-based walkthroughs with real-world numbers and a consultative, education-first approach, often stressing professional guidance and ongoing account monitoring to sustain results. A standout aspect is the Canada-specific focus, frequent use of live Q&A, and an emphasis on turning debt tools into wealth... more

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Which podcasts are similar to Modern Wealth?

These podcasts share a similar audience with Modern Wealth:

1. Saskatchewan Real Estate Podcast
2. Canadian Wealth Secrets
3. The Canadian Real Estate Investor
4. The Wealthy Barber Podcast
5. The Loonie Hour

How many episodes of Modern Wealth are there?

Modern Wealth launched 2 years ago and published 31 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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Recent guests on Modern Wealth include:

1. Ryan Wiley

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