The Smith Manoeuvre vs Cash Dam: How to Choose the Right Strategy and How Self-Employed Canadians Can Do Both

Many Canadians have heard of the Smith Manoeuvre.

Many are also self-employed and don't realize they could be using the Cash Dam. How do they fit together in a real financial plan?

I break down what each strategy is, why it works, when each strategy works, whether combining them can improve results, and what to watch out for.

Learn how to think about these strategies in the context of your overall financial plan, including considerations for self-employed Canadians.

In my latest blog post, video, and podcast episode, I cover:

• What is the Smith Manoeuvre?

• Why is it so powerful?

• What is the Cash Dam?

• Who does it work for?

• Why do many self-employed people not know about this easy tax deduction?

• Can you do both strategies at once? Why is it complicated?

• Which strategy is better for you?

• What is the long-term plan when you are doing both strategies?

• How do these strategies fit into your retirement and tax plan?