Canada’s new First Home Savings Account (FHSA) designed to help Canadians save towards a down payment for their first home tax free, launched April 1st, 2023. This FHSA compliments an RRSP and TFSA account, as it combines their best features together. Contributions of the FHSA are tax deductible, while withdrawals are tax free!
To learn more about how you can utilize the First Home Savings Account and how to set up an account, lets chat today ✨
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