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Free Equity Assessment

Smith Maneuver Calculator

See how much of your home equity could be put to work, and what it could mean for your mortgage. Answer a few quick questions for an instant estimate. No obligation, and it takes under a minute.

Smith Maneuver Calculator

Answer a few quick questions to estimate the equity you could put to work.

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Property
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Income
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Goals
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Contact
Property & Mortgage
$
Please enter your home's estimated value.
$
Enter 0 if your home is mortgage-free.
Please select your province.
Please select your age range.
Employment & Income
Enter the income of the person who would implement the strategy (before taxes). Please select your household income range.
Your Goals
Please choose the option that fits best.
Where Should We Send Your Results?
Please enter your first name.
Please enter your last name.
Please enter a phone number.
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Your Personalized Estimate

Based on the information you provided, here's what your home equity could do for you.

Current Home Equity
$0
Estimated home value minus your current mortgage balance.
Equity Potentially Accessible (up to 80% loan-to-value)
$0
A common ceiling for HELOCs and readvanceable mortgages used in Smith Manoeuvre / Cash Damming strategies.

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These figures are illustrative estimates only, generated for educational purposes based on the information you provided. They do not constitute a mortgage approval, financial advice, tax advice, or investment advice. Actual amounts depend on lender criteria, appraised value, underwriting, and your individual financial situation. Speak with a licensed Wise Equity advisor before making any financial decisions. Wise Equity Inc. — Lic #M19002342, FSRAO Brokerage #12685.

What this calculator estimates

The Smith Maneuver converts the non-deductible interest on your home mortgage into tax-deductible investment debt, gradually, as you pay your principal down. How much you can convert depends on one thing above all: how much equity you have available to borrow against.

That is what this tool estimates. It looks at your property value, what you still owe, and your goals, then returns an indication of the equity you could access and what it could support. Treat the result as a starting point for a conversation rather than an approval or a quote.

If you want the strategy explained in full before running your numbers, start with our guide to how the Smith Manoeuvre works in Canada.

The annual tax refund

The part most homeowners have not considered is what happens at tax time. Once the interest on your re-borrowed investment funds is deductible, it reduces your taxable income, and that produces a refund.

What makes the strategy compound is what you do with that refund. Applied straight back against your non-deductible mortgage principal, it shortens the mortgage, which frees up more credit to re-borrow and invest, which increases the following year's deductible interest. Each cycle moves a little more debt from the non-deductible side to the deductible side.

As an illustration only: $100,000 of investment loan at 5% accrues $5,000 of deductible interest in a year. At a 40% marginal tax rate that is roughly $2,000 back. Your actual figure depends on how much deductible interest you have accrued, your marginal rate and your wider tax position. Refunds are not guaranteed and this is not tax advice.

Before you rely on the numbers

The Smith Maneuver depends on having the right mortgage structure, usually a readvanceable mortgage, and on documenting how borrowed funds are actually used. Interest is only deductible where the money is invested to earn income, and the rules are specific.

It also involves borrowing to invest, which increases your risk. Markets can fall, and the debt remains regardless. This calculator does not assess suitability. That requires a look at your income, your existing mortgage, your tax position and your timeline.

Frequently Asked Questions

Both refer to the same strategy. “Manoeuvre” is the Canadian and British spelling, “Maneuver” is the American one. The strategy was developed by Canadian financial planner Fraser Smith, so you will see the Canadian spelling most often here, but the two are used interchangeably.
It depends on two things: how much deductible investment interest you accrued during the year, and your marginal tax rate. Deductible interest of $5,000 at a 40% marginal rate returns roughly $2,000. The refund grows as more of your mortgage converts to the deductible side, but it is never a fixed or guaranteed amount, and your full tax position determines the result.
This calculator runs in your browser, so there is nothing to download and your figures are not saved to a file. If you would like your numbers laid out in a spreadsheet you can keep, ask for one when you book a consultation and we will prepare it against your actual mortgage.
In almost all cases, yes. The strategy relies on a credit limit that grows as you pay down your principal, which is what a readvanceable mortgage provides. Without that structure there is no straightforward way to re-borrow the principal you have repaid.
Only where the borrowed money is invested to earn income, and only where that use is properly documented. Deductibility follows the use of the funds, not the type of loan, so the paperwork matters as much as the structure.
It is an illustration based on the figures you enter, not an assessment or an offer of credit. Your actual borrowing capacity depends on lender qualification, your income, your credit profile and a current property valuation.
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