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Take advantage of the new First Home Savings Account
Canada's housing affordability crisis has put the purchase of a home out of reach for many young aspiring homeowners. The government created the first home savings account (FHSA) in response.
An FHSA is a vehicle people can use to save for purchasing their first home while receiving a tax deduction on contributions. The money grows tax-free, and you can use it to buy a house without needing to refund the account; unlike the RRSP's Home Buyers' Plan.
Keith and Marcelo first spoke about the FHSA when it was announced in June 2022, and today they're coming back with more answers as we head…
The skinny
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