We have all been long aware of one of the very few tax benefits afforded Canadians; namely, the tax-free status of growth on our principle residences, though it remains one which has not been fully utilized by very many people at all.

The bank provided reverse mortgage programs advertise "wouldn't it be nice" to access some of the value locked in your home, but fail to understand that most people would prefer not to go into debt after working so hard to get out.

Their own numbers really tell the story: in the 20 years they have provided this program, only a third of a tenth of one percent of the population has embraced it, and of these, the average current debt is $63, 600. The majority of homeowners, and those with more substantial equity, are simply not using the value of their homes for other than residency.

Our program is an integrated tax strategy which we believe answers the concern of those who do not want to encroach on the value of their home, yet would like to better use the equity in their home. The link below tells you more about this program. In addition to what is here though, we can provide a detailed projection of values, using whatever assumptions you would like, or we can use industry-standard numbers if you prefer. This can show you how to take a significant tax-free income without encroaching on the value of your home. If you’re interested, we’ll do the analysis without any cost or obligation.

If you’d like information on how to use the equity in your home for other reasons, such as to enhance your estate or make a charitable gift, we’d be pleased to meet and discuss how we can help with those objectives as well.