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Free toolApril 11, 20265 min read
Rent vs. own & Smith Manoeuvre break-even calculator
Model when owning (with optional HELOC-based Smith Manoeuvre and marginal-tax refunds) might pull ahead of renting—using your numbers for property, mortgage, rent, and market assumptions.
Disclaimer: This calculator is for education and rough planning only. It is not tax, legal, or investment advice. Canadian tax rules (including HELOC deductibility) are complex and personal—confirm assumptions with a qualified professional before acting.
Adjust sliders to match your situation. Enable the Smith Manoeuvre section to layer HELOC borrowing, portfolio returns, dividend treatment, and provincial marginal rates on HELOC interest refunds.
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Track real HELOC flows in WIMD
When you implement strategies like the Smith Manoeuvre, precise transaction history matters at tax time. WIMD helps you tie HELOC withdrawals to investments and stay organized.
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