Cash Flow Dam Explained | Tax Strategies | Real Estate Investing Canada | Steve Tsonev

Cash Flow Damming Explained | Turn Your Mortgage Into a Tax Deduction Real Estate Investing Morning Show – Hosted by Wayne & Gabby Hillier In today's episode, Wayne and Gabby are joined by Steve Tsonev from Finngo Bookkeeping & Tax to break down one of the most powerful (and underused) tax strategies available to Canadian real estate investors: the Cash Flow Dam. If you've ever wondered how to turn your biggest personal expense into a tax deduction, this episode walks you through exactly how it works, when it makes sense, and how to implement it properly. 🧠 What You'll Learn in This Episode What the Cash Flow Dam (cash damming) strategy actually is and how it works How to convert non-deductible mortgage interest into deductible interest Why this strategy can save investors hundreds of thousands of dollars over time The connection between the Cash Flow Dam and the Smith Maneuver How rental income can be strategically used to accelerate mortgage conversion The importance of having the right mortgage products (readvanceable HELOC) Common mistakes investors make when implementing this strategy Whether this strategy still works with basement suites or multiple properties 👥 About Your Hosts Wayne & Gabby Hillier are full-time real estate investors and coaches based in Edmonton, Alberta, Canada. Through their REI Masters Mentorship Program, they help Canadians build long-term wealth using rental properties, BRRRRs, flips, joint ventures, and creative real estate strategies. New episodes every weekday morning featuring real stories, coaching moments, and tactical investing advice. 💡 Resources & Contact Learn about our Mentorship Program: www.reimasters.ca Bookkeeping & tax help: www.finngo.com/rei Submit a question: info@reimorningshow.com 🤝 Thanks to Our Sponsors 🏠 Calvin Realty – Edmonton Investor-Focused Realtor 🌐 calvinrealty.ca 🔗 Facebook 📊 Finngo Bookkeeping & Tax – Investor-Focused Accounting Firm 🌐 www.finngo.com/rei 🔗 Facebook 💼 Kirkwood & Brennan Mortgage Group – Investor-Focused Brokers 🌐 www.kbmortgages.ca 📧 keaton@kbmortgages.ca 🔗 Facebook 🏫 Edmonton Real Estate Investing Course Thinking about investing in Edmonton but not sure where to start? Our 8-week Edmonton Real Estate Investing Course gives you a clear blueprint to invest with confidence, including: 🔹 Why Edmonton is one of Canada's strongest cash flow markets 🔹 The economic drivers shaping Edmonton's growth 🔹 How to analyze neighborhoods for cash flow and upside 🔹 The five main asset types and how they perform 🔹 Tenant selection strategies that protect your returns 🔹 How to buy rental properties that actually make money 👉 Learn more and register at: www.reimasters.ca

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