TAX-FREE FIRST HOME SAVINGS ACCOUNT (FHSA)
Tags: TAX-FREE FIRST HOME SAVINGS ACCOUNT (FHSA), FHSA, FIRST TIME HOME BUYERS, SAVINGS, REALTOR ADVICE
TAX-FREE FIRST HOME SAVINGS ACCOUNT (FHSA) STARTING APRIL 1ST, 2023 This new registered plan would give prospective first-time home buyers the ability to save $40,000 on a tax-free basis. Like a Registered Retirement Savings Plan (RRSP), contributions would be tax-deductible, and withdrawals to purchase a first home—including from investment income—would be on-taxable, like a Tax-Fr...Read More