By now, you’ve probably read about the new FHSA program, introduced by the Federal government to help save for a first home purchase. Many people have thought of the immediate benefits; that is, utilizing the FHSA to help fund their own down payment. This makes sense of course. The FHSA, if used to fund a… Read More
The You First Blog
The new First Home Savings Account (FHSA) was proposed in the 2022 Federal Budget as the first truly tax-free investing account in Canada. The FHSA rules will come into force on April 1, 2023. Once in force, every prospective first-time homebuyer meeting the program’s criteria will want to open one. A truly revolutionary new account… Read More