Start with home equity.
The model begins with what the property may be worth, what is owed on the mortgage, and how much secured line of credit room is approved.
SmithWise Smith Manoeuvre projection
Smith Manoeuvre calculator.
SmithWise shows how regular mortgage payments could create secured credit room, support an investment account, and compare against a conventional mortgage path over time.
How it works
A plain-language view of a readvanceable strategy.
Pay down, then reborrow.
As mortgage payments reduce the balance, the calculator estimates how much room may be available to borrow and invest.
Compare the paths.
SmithWise compares the projected Smith Manoeuvre-style path with making the same payments without the strategy.
Better conversations
Use the projection before you restructure debt.
A Smith Manoeuvre strategy can involve mortgage structure, secured credit, investment risk, tax treatment, and clean tracking of borrowed funds. SmithWise helps organize the questions before any decision is made.
The calculator is most useful when paired with a review of the actual mortgage terms, prepayment privileges, secured line of credit approval, and advice from qualified tax and investment professionals.
Common questions
What is the Smith Manoeuvre?
The Smith Manoeuvre is a Canadian strategy that can use a readvanceable mortgage. As mortgage principal is paid down, secured credit room may open and can be borrowed to invest. The goal is to gradually replace non-deductible mortgage debt with investment debt while building an investment account.
Who is SmithWise for?
SmithWise is for Canadian homeowners who want to explore how property value, mortgage balance, secured credit, payments, prepayments, tax assumptions, and investment returns could interact before speaking with mortgage, tax, and investment professionals.
Why does the 80% Loan to Value limit matter?
Most lenders limit the combined mortgage and secured credit exposure to about 80% of property value. SmithWise uses property value and mortgage balance to estimate when secured credit room may be available.
What does SmithWise compare?
SmithWise compares a conventional mortgage path with a Smith Manoeuvre-style path, including projected portfolio value, investment loan balance, net investment equity, net property equity, payoff timing, and projected advantage.
Are tax refunds guaranteed?
No. SmithWise can model estimated refunds from deductible-interest assumptions, but eligibility depends on tax rules and accurate tracing of borrowed funds. Review the details with a qualified tax professional.
Is SmithWise advice?
No. SmithWise is a planning model from Lawrence Park Mortgage. It does not provide tax, legal, investment, or mortgage advice.
Project the strategy, then review the structure.
SmithWise gives you a clearer starting point. Adam can help review whether the mortgage structure, borrowing room, and repayment plan fit the goal.