80% total
The account's overall limit is up to 80% of the home's value — mortgage and available credit combined.
One account holding the mortgage, the chequing, and a revolving credit line together — so every dollar that lands in it is working against the debt from the day it arrives, and every dollar of repaid principal remains available as standing liquidity. For the right client, it is less a mortgage than a balance-sheet instrument.
A conventional mortgage and a chequing account ignore each other: income sits idle earning nothing while the mortgage charges interest every night. Manulife One collapses them into one line. Deposits — salary, dividends, rental income, a bonus — immediately reduce the interest-bearing balance; spending draws it back up. Interest is charged only on each day's true net position.
The account has two kinds of space inside it. The revolving main account floats at a prime-linked rate with an interest-only minimum payment — principal comes down through cash flow rather than a fixed schedule. Alongside it, fixed-rate sub-accounts let any portion be locked at a fixed rate with scheduled, amortizing payments — certainty where certainty is wanted, flexibility everywhere else.
The account's overall limit is up to 80% of the home's value — mortgage and available credit combined.
The revolving portion is capped at 65% of home value on an owner-occupied home (50% on investment or business use); anything above sits in a fixed sub-account.
The standard ceiling on total account size — a soft cap. Larger accounts are placed case-by-case for strong files; this desk has seen well above it approved.
Pricing on the main account is tiered to total account size, improving as the account grows — desk-negotiated rather than posted, so it's confirmed per file. Prepayment room is generous but either/or: a payment increase of up to 25%, or a lump sum of up to 20% per year — not both. A modest monthly account fee applies ($16.95, or $9.95 at 60+).
Business owners and professionals whose cash arrives unevenly — big deposits work immediately instead of idling before a scheduled payment date.
Clients who want every repaid dollar to remain reachable — repaid principal becomes standing credit for the next opportunity, no application required.
The sub-account structure gives clean separation and tracing — the natural chassis for the Smith Manoeuvre and cash-damming strategies.
Scenario: a $900,000 home with a $500,000 mortgage, $9,000/month of income against $6,500 of spending, compared like-for-like against a conventional mortgage at a slightly higher rate — same money in on both sides. The comparison model deliberately lets the conventional side win when the client's habits favour it; the point is truth, not spin. Model every file's own numbers before drawing conclusions.
A HELOC sits beside a mortgage and a chequing account. This replaces all three with one line — which is what makes deposits work instantly and repaid principal stay reachable. The revolving portion behaves like a HELOC; the account as a whole behaves like a balance sheet.
The revolving portion floats at a prime-linked rate that improves as the account grows, and any amount can be locked into fixed sub-accounts at competitive fixed rates. On many files the effective cost lands lower than the conventional alternative once idle cash and flexibility are counted — but that's a per-file calculation, not a promise, which is why we model it.
Discipline. An account this open rewards households whose spending is under control and punishes ones where available credit invites it. Part of the desk's structuring is using fixed sub-accounts to build guardrails where they're wanted. There's also a modest monthly fee, and the interest-only minimum means principal only falls if cash flow makes it fall.
It's arguably the cleanest platform for both: sub-accounts keep deductible and non-deductible borrowing separated with the paper trail the CRA expects. The client's accountant stays in the loop from day one.
The standard structure runs to $3,000,000 — as a soft ceiling, not a wall. Above that, placements are case-by-case on the strength of the file, and this desk has placed well above the standard line. Bring the file; we'll give a straight answer early.
Anonymized case studies for this program are being prepared from real funded files — nothing invented, ever. Until they're published here: the desk's Manulife One comparison model was verified line-by-line against Manulife's own client guide, and its worked examples reproduce the guide's figures exactly. Ask us to run your client's numbers and you'll see the working, not just the conclusion.
If a client's cash flow deserves to work harder than their chequing account allows, this is a conversation worth twenty minutes.
Arrange a confidential introductionRamin Hallaji, Principal — licensed in British Columbia (BCFSA) and Alberta, Dominion Lending Centres Group · 778-879-6768 · ramin@privatewealthfinancing.ca
Program details are Manulife Bank's and change at its discretion; account limits, rate tiers, prepayment privileges and fees shown reflect this desk's current, manager-confirmed understanding and are confirmed per file before anything is committed. Rates referenced are desk-negotiated estimates, not Manulife's posted rates, and all lending is subject to approval, verification, and property valuation. This page is information, not advice — tax outcomes belong to the client's accountant. Private Wealth Financing arranges mortgage financing only.