The basic strategy is to ensure that the interest you pay on your mortgage becomes tax deductible.
The tax deductible mortgage is the norm in the United States but there is now a way for Canadians to convert their mortgage interest into tax deductible interest.
Mortgage payments are made up of two components: principal and interest. By re-borrowing what you pay down on the principal of your mortgage and investing that portion into a non registered portfolio, you will create an annual tax deduction that will produce a tax refund. When you apply that refund towards your mortgage each year, you will decrease your mortgage amortization and build an investment portfolio for your retirement at the same time.
Visit Windsor real estate for more hints and tips to save you money.