About Freedom10
Helping Canadians Understand How Their Debt Can Work
Freedom10 is a Canadian financial strategy and education company. We help landlords and homeowners understand and implement rental cash damming, the Smith Manoeuvre and debt swaps, and we review setups that are already running.
Most people pay down the debt on their home with what is left after tax, and make every other borrowing decision on its own. The strategies we teach look at the whole picture: which account pays which bill, in what order, and what each borrowed dollar is used for.
We design the strategy together and help you set it up, implement it and track it. You run it.
Freedom10 is not a mortgage brokerage and does not arrange mortgages. You choose who handles your mortgage: a licensed agent at Tango Financial Mortgage (ON) Corp. (Brokerage License #13691), or any other mortgage professional or lender you prefer. We don't prepare tax returns or give personalized tax advice; your own accountant or tax advisor advises on the tax treatment.
Meet the Founders
Devon & Sean
We came to this from different directions. Devon grew up in a household rooted in financial services, where money was taught: pay yourself first, build for the long term, and understand how debt works before you use it. Sean grew up watching his family build businesses, and saw what happens when financial decisions get made without a strategy behind them.
Working in financial services and real estate finance, we kept meeting the same people: hardworking Canadians with real income and real assets who had never been shown how strategies like these work. We started Freedom10 to teach them, and to help people set them up properly.
Devon Noble
Co-Founder, Freedom10
Devon Noble grew up in a household rooted in financial services, with exposure to insurance, investments and corporate finance from an early age. Money was something he was taught: pay yourself first, build for the long term, and understand how debt and leverage work before you use them. Those principles shaped his career, from wealth management to financing to contributing to the design of financial solutions for Canadians. Along the way he developed a deep understanding of how money, debt and structure work together. What became clear over time was a gap. The debt strategies used by financially sophisticated households were rarely explained to, or understood by, most Canadians. As a co-founder of Freedom10 and a Smith Manoeuvre Certified Professional, Devon works to close that gap. He teaches rental cash damming, the Smith Manoeuvre and debt swaps, and designs them with clients so they understand what their debt is being used for and how to run the strategy themselves. These are not just concepts he teaches. Devon uses the same strategies in his own household, building for his wife and growing family with the same disciplined, long-term approach. Devon is licensed as a Mortgage Broker with Tango Financial Mortgage (ON) Corp.
Sean Smith
Co-Founder, Freedom10
Sean Smith grew up watching his family build businesses. They worked hard, and the entrepreneurial drive was always there. He also saw what happens when financial decisions get made without a strategy behind them. That gap became his focus. Sean has spent more than fifteen years in Canadian real estate finance, working with first-time buyers, multi-property investors and everyone in between. Across that time he kept seeing the same situation in different forms: hardworking people with real income and real assets, carrying debt nobody had ever explained to them. Few had been shown how strategies like rental cash damming or the Smith Manoeuvre work, or why what borrowed money is used for matters. As a co-founder of Freedom10, Sean teaches those strategies and designs them with clients: how the accounts are set up, which account pays which bill, and how the records are kept. He uses the same strategies in his own finances. Sean is licensed as a Mortgage Agent Level 2 with Tango Financial Mortgage (ON) Corp.
Our Role
What We Do, and What We Don't
We do
- Design the strategy with you, around your own numbers
- Map the account structure, the monthly sequence and every transfer
- Help you set it up, implement it and track it, with twelve months of support
- Spend up to an hour with your own accountant at tax time
- Review setups that are already running
We don't
- Arrange mortgages. Freedom10 is not a mortgage brokerage
- Prepare tax returns, give personalized tax advice or issue tax opinions
- Recommend specific investments. A licensed advisor of your choosing does that
- Make transactions for you. You run the strategy
- Work with short-term rentals, or with clients in Quebec
The Strategies
Changing What Your Debt Is Used For
Interest on personal-use debt is not deductible. Interest on money borrowed to earn income may be deductible where the requirements of the Income Tax Act are met, and that depends on your facts. Each of these strategies changes what borrowed money is used for, one documented transaction at a time.
Rental Cash Damming
The rent you already collect goes against the debt on your home, and rental expenses are paid with funds borrowed from a separate line of credit used for nothing else. Total debt stays about the same. What the debt was used for changes.
The Smith Manoeuvre
With a readvanceable product, the principal you repay becomes available again on a linked line of credit. You borrow it back and invest it, so personal-use debt is gradually replaced with investment-use borrowing. Markets fall as well as rise, so it suits a long time horizon.
Debt Swaps
If you hold capital, such as non-registered investments, an inheritance or the proceeds of a sale, while still carrying personal debt, a debt swap uses the capital to pay the debt down first, then borrows again to invest, following a deliberate sequence.
Strategy Risk Review
Already running one of these strategies, on your own or with someone else? We review your account structure, how the money has actually been moving and your records, then show you what looks right, what needs attention and what we would change going forward.
Freedom10 has Smith Manoeuvre Certified Professionals on the team.
Working With Us
How an Engagement Works
- 01
Apply
A two-minute application tells us whether your situation is a fit before anyone spends time on a plan.
- 02
Talk it through
You send us your numbers on a short form. We model your current setup before a 30-minute video call, walk you through what we found, and quote the fee in full before anything moves forward.
- 03
Get your plan
A custom plan with step-by-step instructions, a money-flow flowchart, your bank account structure and a transaction map, walked through line by line on a video call, with a setup checklist so you know what to do and in what order.
- 04
Set it up
Setup usually takes four to six weeks. Where the structure depends on your mortgage, we coordinate with whoever handles it.
- 05
Run it and track it
You make every transfer and payment and keep a tracking sheet. We check the first cycles with you and support you for twelve months: up to three 30-minute calls a month for the first 90 days, then one a month.
At tax time, we spend up to an hour with your own accountant walking through the records. A Strategy Risk Review starts differently, from what you are already doing.
Where We Work
Across Canada, by Phone and Video
We work everywhere in Canada except Quebec, which has its own tax legislation. We can introduce Quebec residents to partners who offer these strategies. All client work happens by phone and video, so it doesn't matter where in the rest of the country you live.
We work only with long-term rentals. The strategy runs on steady monthly rent, and short-term rental income is seasonal and depends on licensing rules that can change.
Read how we write and check our content in our editorial standards, or get in touch.
FAQ
About Freedom10
This page is for general information and is not tax, legal or financial advice. You should always seek independent tax advice if you are thinking about implementing these strategies.
Want to see how this could work for you?
Join our free 60-minute masterclass where we break down exactly how rental cash damming works, work through a real example with every assumption shown, and walk you through how to get started.
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