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Modern Wealth

Tom Moffat
Rental Cash Damming
Canada
Smith Maneuver
Manulife One
Rental Property
Mortgage
Offset Mortgage Strategy
Home Equity Line Of Credit
Offset Mortgage
Canada Revenue Agency
CRA
Mortgage Interest Tax Deductibility
Real Estate Investing
Mortgage Amortization 30-Year
Rental Cash Jamming
Debt Swap Strategy
HELOC
Personal Residence Mortgage
Tax Deductions
Mortgage Pay Down

I help Canadian homeowners retire sooner by using their mortgage as a tool. This channel is where I teach you the mortgage strategies that will help you pay down your mortgage years faster, pay less tax & interest, and grow your investments. Topics Covered: • Rental Cash Damming • Smith Manoeuvre • Offset Strategy • All-In-One Mortgages (Manulife One) • And more Who am I? Retired firefighter turne... more

PublishesDailyEpisodes36Founded2 years ago
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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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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 show focuses on practical wealth-building strategies for Canadians, with a niche emphasis on real estate financing and mortgage optimization. Across episodes, the discussions center on methods to accelerate mortgage payoff, legally optimize tax deductions through rental property structures, and leverage tools like HELOCs and offset mortgages. The host(s) frequently walk through real-world numbers, case studies, and step-by-step implementations, often highlighting CRA-approved approaches and the importance of professional guidance. A standout aspect is the deep specialization in Canadian mortgage strategies (e.g., Smith Maneuver, Rental Cash Damming, Manulife One) blended with tax planning and long-term wealth building, making it partic... more

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1. Unconventional Wisdom
2. I Love Mortgage Brokering
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 36 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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