In an effort to change this and assist prospective first-time homebuyers, the federal government announced the tax-free First Home Saving Account (FHSA) as part of their 2022 budget. As of April 1 ...

There are many types of useful savings accounts out there, but not every one has their exact purpose right there in the name, like the First Home Savings Account (FHSA). BMO's 15th annual ...

Here’s how to combine FHSA and RRSP withdrawals. My partner and I plan to buy a $600,000 home in two to three years with a 20% down payment. Can we each use $40,000 from our FHSAs and $60,000 ...

On April 1, 2023, Questrade became the first company to launch an FHSA in Canada. Since then, more than 20 other financial institutions, including all of Canada’s Big Six banks, have launched ...

Savings vehicles like a first home savings account (FHSA) can make it easier for you to overcome one of the largest barriers to home ownership — squirreling away that sizable down payment.

If you’re intently saving for your first home, you’re probably aware that the new First Home Savings Account (FHSA) is a great tax-advantaged way to build up your down payment. But the FHSA has ...