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Frequently Asked Questions

We've compiled some of the more common questions we receive from clients and listed them out below in an effort to help you quickly find the answer you're looking for. If you still need help, please contact us and a mortgage consultant would be more than happy to assist you.



How do I know if I qualify for TDMP?
The best way to know if TDMP is right for you is to complete the TDMP Test and order a Free Benefits Analysis Report.A mortgage specialist will contact you to let you know if you qualify for the plan, but there are a few basic guidelines.

First off, you should currently own a home and have built up at least 20% equity. It is possible for new buyers to qualify, but this will require a consultation with a mortgage specialist.

Your outstanding mortgage balance should be at least $100K and you should be employed (or self-employed) with good credit.

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How is TDMP viewed by CRA (Canada Revenue Agency)?
TDMP has been successfully reviewed by CRA (Canada Revenue Agency) and endorsed by economists, financial planners and financial institutions. It is a legal and common practice to deduct interest when you borrow to invest to produce income.

Further, a recent Supreme Court of Canada decision upheld a Canadian Taxpayer's right to structure the mortgage on their principal residence for maximum tax benefits.

Take the TDMP Test and you'll receive the TDMP Report including detailed information on CRA Cash Damming rules and how TDMP reduces taxes and builds wealth, while shortening the amortization on your mortgage.

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How can I pay off my mortgage sooner?
The best way to pay your mortgage sooner is to take advantage of your prepayment privileges and maximize your early payments.

This is exactly what happens when you engage TDMP! The pre-payments do not come out of your pocket, they are a component of the self-funding Tax Deductible Mortgage Plan. As a result, your mortgage will be paid off significantly sooner which means you save thousands of dollars!

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Should I wait for my mortgage to mature?
If your mortgage is going to mature within 1 year, it may make sense to wait for maturity. If maturity date is beyond 1 year, engaging TDMP now rather than waiting makes the most sense because you will benefit from Tax Refunds right away.

The TDMP Test will help with this decision by providing a detailed Benefits Analysis based on your current situation.

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How are Tax Refunds generated and are they really Free?
The Tax Deductible Mortgage Plan (TDMP) allows you to convert your mortgage into a tax-deductible loan. In turn, you convert the interest into a tax deduction, which for many people will generate a Tax Refund.

TDMP is a new method of integrating your debt and investments that benefits the everyday Canadian.Wealthier Canadians commonly employ expensive tax accountants and tax lawyers to replace their non-tax deductible loans (houses, vehicles) with investment loans. TDMP improves on those methods, introducing a new procedure that enables the rest of us to convert our non-deductible mortgage to a tax-deductible loan.

By converting your mortgage into a tax-deductible loan, you are turning the interest into a tax deduction. When you subtract that deduction from your income, you get a tax refund. That refund is Free money. You do not have to invest any of your own income or increase your debt to get the tax refund. Conversely, the refund you receive from investing in RRSPs is not free money. You pay for your RRSP by using your own after-tax income to buy the tax refund.

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Are my Tax Refunds Guaranteed?
Yes, with the TDMP Tax Audit Protection Plan your tax refunds are 100% guaranteed. In the event of an audit, simply hand the file over to us and let TDMP fight the taxman on your behalf at no additional cost!

For complete details please read the TTAPP Terms & Conditions.

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Should I have an accountant file my taxes?
Yes, we recommend that you file your taxes with a Designated Accountant. TDMP Clients that are registered for TTAPP enjoy a 50% discount on Tax Preparation through our National Network of Professional Accountants.

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