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The Canadian Mortgage Show
Welcome to The Canadian Mortgage Show, where we cut through the noise to bring you straight facts on mortgages and real estate in Canada. Focused on BC with a national perspective, we feature expert guests and real insights. Tune in for no-nonsense advice and answers to your questions!
The Canadian Mortgage Show
Episode 38: Mortgage Interest Sucks—Here’s How to Make It Tax Deductible (Yes, Really)
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Alex Pang & Alex Shanks
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Season 1
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Episode 38
In this week’s episode, Alex & Alex dive into Cash Damming—a powerful but lesser-known tax strategy that can help you turn personal debt into tax-deductible business debt. Whether you're a freelancer, landlord, or sole proprietor, this might be the financial play you've been overlooking.
Here’s what you’ll learn:
- What is Cash Damming? How this strategy legally converts personal debt into tax-deductible business debt
- Who can use it? Rental property owners, freelancers, and sole proprietors—find out if you qualify
- How it works: The step-by-step setup you need, including separate bank accounts and a personal line of credit
- The benefits: How you can speed up paying off your mortgage and write off loan interest
- The fine print: Why a clean credit score and long-term discipline are key, and what to watch for if you’re in a partnership or going through a breakup
- Real talk: This isn't a get-rich-quick scheme—it's a slow burn tax efficiency move that could save you thousands
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