What makes the FHSA announcement surprising is that there was already a similar program in the Home Buyers’ Plan (HBP). In case you’re not familiar, the HBP works like this: Advertisement 1 This advertisement has not loaded yet. Trending Michael Higgins: How bad are things when the Libera...
First Home Savings Account (FHSA) Introduced in 2023, theFHSAis a tax-advantaged account that enables first time home buyers to save for a down payment. Like the RRSP, contributions and interest/investment earnings are deferred until you withdraw the funds. There are contribution limits and time...