http://payoffmortgageorinvest.com/16/how-refinancing-your-mortgage-could-lead-you-in-a-potential-tax-trap/ Payoff Off Your Mortgage or Invest Thu, 09 Jul 2009 00:56:30 -0500 http://wordpress.org/?v=2.8 hourly 1 http://payoffmortgageorinvest.com/16/how-refinancing-your-mortgage-could-lead-you-in-a-potential-tax-trap/comment-page-1/#comment-78 Darrin Roseborsky Mon, 06 Jul 2009 22:03:59 +0000 http://payoffmortgageorinvest.com/?p=16#comment-78 Mortgage interest, to an extent, in the US is tax deductible. In Cananda this is not an option in Canada unless you are doing the Smith Manoeuvre. As far as investing or paying off your mortgage my suggestion is to speak to a financial advisor. However, I would guess that there are many better places to put your money today than against a low interest mortgage. I would suggest a balance of investing and paying off your mortgage. Mortgage interest, to an extent, in the US is tax deductible. In Cananda this is not an option in Canada unless you are doing the Smith Manoeuvre. As far as investing or paying off your mortgage my suggestion is to speak to a financial advisor. However, I would guess that there are many better places to put your money today than against a low interest mortgage. I would suggest a balance of investing and paying off your mortgage.

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