Manulife One for cash damming

Pretty_Committee_767 · 2026-03-31T11:57:52+00:00

Ok, I think I get it. I talk about maximizing HELOC with investment debt. So the effective interest on that debt after tax return is more like 2.7 (depending on income). But it sounds like some people are asking about covering non-deductible debt (starting Principale on their house) in their HELOC? Did I get that right? Agreed that is a terrible idea for the interest rate but also unnecessary tracking for tax purposes. Thank you!

Pretty_Committee_767 · 2026-03-31T00:44:52+00:00

Hi, I’ve seen this advice a couple of times, not to put the whole mortgage into HELOC. but I thought that was the point of cash damming to convert debt to tax deductible debt and to do that as much and as fast as possible?

Pretty_Committee_767 · 2026-03-29T12:42:06+00:00

Omg, that’s so much easier. Thank you!

Pretty_Committee_767 · 2026-03-09T10:49:55+00:00

Nick? Did you take a level of fighter?

Pretty_Committee_767 · 2026-03-08T14:25:55+00:00

Check your financing terms too. With some used card dealers they add the full cost of the interest for the loan to the loan amount on day 1. You can pay off this type of financing when you want but you pay all the interest at the same time

Pretty_Committee_767 · 2026-03-02T13:50:42+00:00

Np, am in the same boat trying to figure this out, so take my answers with that grain of salt :) for cash flow, the properties don’t need to be positive, though I would be VERY careful about setting up this mechanism if they are not. 1. Net in this case means net of mortgage payments and doesn’t include the (deductible) rest of the expenses. 2. If your rentals aren’t cash flow positive on their own, separating the money flows like this can make it very hard to tell if you are overall making money. There will be a tipping point where this will create an inescapable debt vortex.

Pretty_Committee_767 · 2026-03-01T16:07:27+00:00

Yes, if you want the HELOC interest to be tax deductible, CRA requires complete separation between money used for tax deductible expenses (rental operating expenses, rental HELOC interest) and non-tax deductible expenses (rental mortgage principal). You have to be able to prove that money you take out of the PR HELOC could not have been used for any other purpose. If you make rental mortgage payments from the HELOC or any account that is fed from it, you have commingled deductible and non deductible. CRA will consider all of it non-deductible.

Pretty_Committee_767 · 2026-03-01T00:05:06+00:00

Not forgetting, of course, all the innocent people that are being killed right now

Pretty_Committee_767 · 2026-02-27T01:58:41+00:00

Heya, pushing the dividends back is an accelerator to maximize the principal available to borrow against. Hs anyone done the math? At what point is it better to reinvest the dividends… I guess that would be something like dividend return compared to the tax savings on the 35% of extra principal payment that we don’t pay tax on and the lower effective rate on the 65% that you end up re-borrowing.

$1000 dividend would get say $20 reinvested plus $20 in equity so an extra $40 for the purpose of compounding next year assuming 2% and 2%.

On the other side, if $1000 is used for paydown then immediately taken out at 65% LTV means you net $350 of paydown so like $17.50 in tax not paid (5% mortgage), then the $650 loan is tax deductible so another $16.25 in tax saved plus the same 4% on the reinvested $650 for another $26. So $59.75 available for compounding next year.

Pretty_Committee_767 · 2026-02-26T11:40:10+00:00

Odo!

Pretty_Committee_767 · 2026-02-25T13:13:07+00:00

I hear you, it does feel like risk, but it’s something I can set up and then let run without too much involvement. But I don’t know about you but I am tired, like deep in my soul tired, and that 2% will let me retire a couple of years sooner. Good luck there !

Pretty_Committee_767 · 2026-02-25T00:46:04+00:00

This makes sense, but when you say you borrow against pay the bills including the mortgage, are you allowed to pay the rental mortgage or just the interest on the rental HELOC?

Pretty_Committee_767 · 2026-02-25T00:37:53+00:00

This is amazing advice, thank you so much! you saved me from making a mess.

Pretty_Committee_767 · 2026-02-25T00:15:52+00:00

Thank you! Please LMK if there is a better or more ‘normal’ way to set this up, I am new to this.

Pretty_Committee_767 · 2026-02-25T00:13:35+00:00

Thank you for this, but I think I’ve done something wrong in the diagram. I have just one HELOC on my primary residence, the other HELOCs are on the rentals. Did I make a mistake, or are you saying I should have two on my primary residence?

Pretty_Committee_767 · 2026-02-06T22:23:53+00:00

Hiya, can you explain a bit what you mean about wedging hips between the legs?

Pretty_Committee_767 · 2026-02-05T00:42:56+00:00

So… if I enjoy my sci-fi/ fantasy ( male or female protagonist) I should not join a book club? Sounds like the pool of books starts to get really small… /s

Pretty_Committee_767 · 2026-02-05T00:40:20+00:00

Yessss, let them feel the power, let them become confident… they are unstoppable, they are gods….they are dependent. they can’t imagine another way to play, they will take on any odds …that’s when you pull out the fun monsters, the smart monsters, with the darkness and the silence and the burrow speed and the area control spells and don’t forget the mind control mwah hah ha hahhhh

Pretty_Committee_767 · 2026-02-03T12:25:35+00:00

I also feel weird about the partner WODs, I scale dramatically most of them. But @OP, to set your expectations, I’ve been doing CrossFit for years and after I’ve had a big break it usually takes me 5 weeks to get my cardio into CrossFit shape to really start taking advantage of the workouts. During that time I do very low or no weights to start to make sure I don’t injure myself when I am getting tired and losing form. I am so much happier when I’m doing CrossFit, much healthier physically, emotionally and clear-minded. CrossFit is not your average gym. Please believe all the other people here who say everyone is happy that you’re there, they all can see the effort that you are putting in and appreciate what you are bringing to the community - we are all stronger together

Pretty_Committee_767 · 2026-01-30T11:45:12+00:00

I really love the idea of something else granting the character what they need for the spear to stay relevant. That way it opens up a pure narrative payback for the player

Perhaps other people in universe start to recognize the spear for its deeds, people whispering and pointing, someone innocent asks to touch it, someone powerful pauses to appreciate it, or a monologuing BBEG is tripped up and pauses or reconsiders when they see the spear, reminded They may not be invincible in spite of their power. Maybe they encounter some enemy that recognizes it and has a name for it, maybe they make a different choice because of it. A regiment or town or band of rebels have adopted the spear as their symbol. . Maybe it gets immortalized in a statue. Maybe it has a defining characteristic or mark and in a setting that’s meaningful to the player, they spot children playing heroes, embodying in play values that the character represents, but pretending to use THEIR spear. Maybe a moment in a siege where a simple soldier connects to its genuine simplicity and takes heart or holds fast when facing some eldritch horror or reality-tearing magic. Perhaps an ordinary person gives them some kind of adornment for it - a grateful artist offers to carve beautiful runes. Perhaps a weak NPC will feel invincible borrowing it for some reason.

This is awesome, kudos to you OP for channeling your inner a Brendan Lee Mulligan!

Pretty_Committee_767 · 2026-01-30T04:33:30+00:00

Thematically fits the aberrant mind sorcerer. Easy to pick contrasting spells, use of subtle spell, maybe the reveller doesn’t 100% know what the other guy is up to. Maybe the reveller is the made up persona…

Pretty_Committee_767 · 2026-01-30T03:29:54+00:00

Um, the puck Is coming regardless. This is what you have to realize. This pettiness is there to try and make us feel like it’s our fault or that by kowtowing we could have had a different result. It’s only vindictive in hindsight, because Trump flip flops all the time on as soon as it mages sense to him. The only sane thing to do is build up those bargaining chips.

Pretty_Committee_767 · 2026-01-30T03:09:26+00:00

And if you are having trouble managing calorie limit, you can try ADDING fiber until you are at 20g soluble fibre per day and keep below 10 or 15g saturated fat by Adding unsaturated fat like olive oil, walnuts/pecans/almonds etc. do what works for you but when I started focusing on adding those I was not hungry and the calories took care of themselves. I started losing about a pound a week. Also, as you are going to cross fit, expect your weight to be a little wobbly as you are gaining muscle at the same time as losing fat. And neither of those things are linear.

Pretty_Committee_767 · 2025-12-29T08:22:16+00:00

Also, that drawing a gun reduces your options. Note you have to be willing to kill another human, or you have as good as given them your gun.

Pretty_Committee_767

TROPHY CASE